7.6 Monday Midday Market Analysis



Review: After Bitcoin's correction last week found a bottom, the bulls rallied all the way. This morning, it surged to 63990, a new stage high, then stalled slightly; Ethereum strengthened synchronously, peaking at 1807. The chart is similar to Bitcoin's. On small timeframes, the short-term structure remains bullish. However, after two attempts to break into the 1800 area in the short term, both stopped under pressure. The short-term bullish momentum is limited, and conditions for a reversal are not yet in place.

1850 is the key strong resistance. Before it can be held firmly,

any rebound is just a post-decline recovery. Do not blindly chase longs.

BTC Operation Suggestion: Short at 63700-64200, add at 64500, stop loss 65000, take profit 63200-62400.

ETH Operation Suggestion: Short around 1800, add at 1830, stop loss 1860, take profit 1750-1680.
BTC0.38%
ETH0.61%
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NoPoleTaylor567
· 6h ago
Just go for it 👊
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NoPoleTaylor567
· 6h ago
Just go for it 👊
View OriginalReply0
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