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Evening Thoughts on BTC/ETH for July 7
BTC first showed a strong upward trend during the day,
After surging to a stage high of 63467.15, it faced pressure and fell with volume, hitting a daily low of 62984.58. After the surge, bullish momentum quickly faded; every small rebound testing overhead resistance faced selling pressure. The bullish counterattack was weak, and the short-term pattern of a surge followed by a pullback is clear. The current price is oscillating below the 63000 level.
ETH's trend completely follows BTC, also surging and then weakening. After rising to a high of 1784.93 during the day, it continuously fell in a downtrend, hitting a daily low of 1767.03. After the surge, bullish buying was weak, and the rebound recovery strength was far weaker than BTC. It is more elastic, with a deeper pullback, and its trend is relatively weaker than BTC. It is currently consolidating at a low around 1775.18.
Strategy Layout
BTC pullback to around 63000-62500, go long with targets 64000-65000
ETH pullback to around 1790-1810, go long with target 1850#比特币