Early morning July 7: Bitcoin & Ethereum Market Analysis


On the 4-hour timeframe, after surging to a high of 63990, the market experienced a rapid decline, breaking below the middle Bollinger Band with heavy volume, resulting in a deep pullback. Current quote: 63700.
Trading Strategy
Bitcoin: Wait for the price to retrace to the 61500-62000 range and show signs of stabilization before entering long positions. First target: 64200; after effectively holding above that resistance, further target: 64800.
Ethereum: Retest the 1700-1750 range, hold steady, then enter long positions. First target: 1830; after a clean breakout, target 1900.
#btc $BTC
BTC1.19%
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