July 8 Market Analysis


BTC
Today, pay attention to the two levels of 62,500 and 63,500. Only if the 4-hour candle closes above 63,500 can this pullback be considered over.
Upper resistance: 64,700 - 66,000 - 67,200
Lower support: 61,200 - 59,600
If the 4-hour candle fails to close above 63,500 today, it indicates the bounce lacks strength. If it drops again, the first target is the previous low of 62,500 from the spike. If that level holds, it will bounce again; if it breaks, it will seek support around 61,200.

ETH
Today, pay attention to the two levels of 1,770 and 1,750.
Upper resistance: 1,805 - 1,845 - 1,885
Lower support: 1,730 - 1,695 - 1,650
If the 4-hour candle fails to close above 1,770 today, it indicates the bounce lacks strength. If it drops again, $BTC
BTC-0.22%
ETH2.27%
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