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BTC Evening Outlook 7.8
After the 4-hour line surged to a high of 64691, bullish momentum continued to weaken, and the price fell continuously under pressure, now at 62046.7.
The moving average above shows clear resistance, selling pressure is concentrated, short-term market is weak and oscillating, do not blindly chase shorts. Wait for a retest of key support to stabilize before placing long orders. Stay on the sidelines until the bottom is confirmed, and strictly control positions.
Key Levels
Resistance: 63153, 64154
Support: 62153, 61200
Trading Ideas
BTC: Go long if it stabilizes in the 61700-62200 range, first target 63000, break above see 64000
ETH: Go long if it stabilizes in the 1690-1720 range, target 1770, break above see 1810
#BTC #ETH