7.8 BTC/ETH Strategy Analysis



After the overnight trend, the buying pressure at highs is weakening, and the market is clearly under pressure this morning. Today, we will only short on bounces, and do not blindly chase longs.

BTC has stalled after the rally, with strong resistance above, and the price is firmly suppressed. ETH is weakening along with the market, short-term follow-up funds are starting to exit, and many profitable positions are slowly being sold.

The four-hour market indicators have turned downward, and small bounces are bull traps to lure people in. Every small bounce is a good opportunity to short, as the downside space has already opened up.

BTC: Entry range 63500–64000, target 63200-63500, second target 62600

ETH: Entry range 1790–1802, target 1748-1765, second target 1702
$BTC $ETH
BTC-0.92%
ETH-1.25%
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