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July 8
Bitcoin and Ethereum midday
Price is under pressure below the 50-day moving average strong resistance at 65681; medium-to-long-term bearish trend has not fully reversed, it is only a technical rebound repair after a sharp decline; MACD green bars continue to narrow, bearish momentum is weakening, there is expectation of a golden cross at low levels; Bollinger Bands middle line is downward, rebound space is limited; the bottom is gradually rising (previous low 57735 → 62600), it is a consolidation bottoming pattern, no bullish reversal structure has appeared.
Bitcoin: Long at 62500-62200, stop-loss 61800, target 63500-64500
Ethereum: Long at 1750-1730, stop-loss 1710, target 1800-1830
Disclaimer: Investment involves risks, be cautious when entering the market.
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