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7.8 Midday Thoughts
Bitcoin surged to a high of 64,200 before dawn, then met resistance and pulled back to the low of 62,500. It shows that bullish momentum is not strong enough, and the various moving averages are suppressing the market—everything turns and presses downward accordingly.
Every rebound is the best opportunity for us to go short. The strength of the bullish takeover is extremely weak. Going forward, we still mainly focus on shorting from the highs!
Big brother faces 63,800 and 64,500 with pressure; look down to 61,500 and 60,900. If it breaks down, look down to 60,000.
Second brother faces 1,790 and 1,820 with pressure; look down to 1,700 and 1,640.
$BTC $ETH #GUSD年化升至3.8%