7.7 Bitcoin & Ethereum Evening Analysis|Luo Yi's Thoughts


Overall Trend
The evening strategy focuses on shorting from resistance, avoiding chasing longs or bottom-fishing.
Market Review
Multiple intraday rallies failed to break through key resistance above, with upward momentum continuously shrinking. Short-term chasing capital is gradually exiting. The market high is slowly declining, and rebound strength is weakening, signaling the start of a phased correction.
Market Analysis
The four-hour indicator has entered overbought territory, with bullish sentiment clearly cooling. Each minor bounce is a window for shorting. Currently, there is no strong buying support, leaving ample room for a downside move in the evening. Taking short positions on rebounds under resistance is the optimal strategy.
Trading Suggestions
Bitcoin Short Order
Entry Range: 63400–63600
Stop Loss: 64000
First Target: 62500–62000
Second Target: 61000
Ethereum Short Order
Entry Range: 1785–1798
Stop Loss: 1825
First Target: 1755–1735
Second Target: 1705
$ETH $BTC $GT
ETH0.44%
BTC0.07%
GT0.91%
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