On the 7.5th, last night Bitcoin charged into the strong weekly resistance zone at 6.34. It has now started to pull back. Today during the daytime, it repeatedly launched strong attacks at 6.3, but none of them managed to stabilize—so that means that, in the short term, the bulls’ push may not be able to sustain. Bitcoin is very likely to pull back to around 6.16. The overall rhythm for next week may again return to a cycle of daily consolidation. At present, since it hasn’t done daily consolidation for a few days, the overhead pressure above is likely difficult to push through.



As for Ethereum, it is also pulling back in the short term, and is likely to start consolidating in the 1700 to 1680 area. We will focus on watching for opportunities created by daily consolidation. After the consolidation, the bulls should still have another wave of a rally!
BTC-0.45%
ETH-0.02%
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