July 8th Midday Analysis



Market price is facing resistance at the 50-day moving average key resistance level of 65681. The overall medium-to-long-term bearish pattern has not been completely reversed. The current movement is just a short-term technical bounce recovery after a sharp decline.

In terms of indicators, the MACD green histogram bars are continuously shortening, bearish momentum is weakening, and there is a possibility of a golden cross forming at low levels. The middle band of the Bollinger Bands remains in a downward trend, directly limiting the upside of this rebound.

Lower lows are continuously rising, with the previous low of 57735 rising to 62600. The market is in a range-bound bottoming consolidation phase and has not yet shown clear bullish reversal signals.

BTC
Go long in the 62200-62500 range, target upside to 63500-64500.

ETH
Go long in the 1730-1750 range, target above 1800-1820.

Disclaimer: Investment involves risk. Please proceed with caution when entering the market. #美国比特币ETF净流入4026枚BTC
BTC-1.61%
ETH-1.97%
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