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7.8 Bitcoin Morning View
After the 4-hour chart surged and reached the 64691 high, bullish momentum gradually weakened. The price came under pressure and pulled back, with the current price at 63532.7.
On the hourly chart, the battle between bulls and bears is clearly visible. Selling pressure remains persistent above. In the short term, the market has entered a range-bound consolidation. Don’t rush to enter; wait for the chart to provide a clear directional signal before taking action.
Key Levels
Resistance: 64100
Support: 62370
Strategy Layout
Bitcoin: The 63000-63400 range stabilizes and consolidates; the first target is 64100. If it breaks out, continue to look at 64600.
Second Bitcoin: The 1750-1770 range stabilizes and consolidates; target 1800. If it breaks out, look at 1850.
#BTC #ETH