BTC and ETH Thoughts and Operational Suggestions for July 6:



Thoughts

BTC and ETH are highly correlated, with both seeing modest synchronized gains over the past 24 hours. The gains are similar, with capital flowing synchronously and no obvious divergence, marking a mild repair market with low volume. Although there is buying support on the downside, no deep selling pressure appeared during the session. However, the rally lacked volume throughout, indicating weak upward momentum and no strong unilateral bullish trend. The upper resistance zone is clearly capping prices. Chasing long positions at current prices offers a very poor risk-reward ratio. After a small uptick, the market is prone to a quick spike and pullback, followed by short-term retracement and shakeout. The broader structure remains a range-bound bullish bias. The best way to participate is to wait for price pullbacks to key support levels before positioning, avoiding blind chasing at highs.

Operational Suggestions

Unified approach of buying on dips, not chasing rallies; BTC pullback to 62800-63100, ETH pullback to 1750-1765 for phased entry; BTC target 64200/64800, ETH target 1820/1850; BTC stop loss if below 62500, ETH stop loss if below 1735. $BTC $ETH #Vitalik公布精简以太坊路线图
BTC0.81%
ETH0.84%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned