7.6 Morning Full Analysis of BTC/ETH



On the BTC 4-hour chart, the price has broken below the middle band of the Bollinger Bands, with the Bollinger channel expanding downward continuously, indicating significant pressure on the overall market. Short-term moving averages have all formed a death cross, and technical indicators such as MACD and RSI are all moving downward, confirming a bearish structure. All current upward movements are mere rebounds within a downtrend, not trend reversals. For intraday trading, the main strategy should be to stick with selling on rallies and avoid blindly chasing longs.

Trading Suggestions

BTC: Sell in batches in the 64,000–65,500 range on a rebound, with a short-term target of 62,000. If broken, extend downwards.

ETH: Sell in the 1,800–1,850 range on a rebound, targeting 1,700.

Do not chase upside on rebounds; focus on entering at resistance levels, strictly set stop losses, and do not hold positions against the trend.
$BTC $ETH
BTC0.81%
ETH0.84%
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