Bitcoin Morning Summary July 9: Short-term moving averages fully aligned in a bearish pattern. Price is trading along the lower Bollinger Band. After a sharp drop overnight, trading volume significantly shrank in the morning, indicating only weak technical correction. Moving averages at 63200 and 63800 act as resistance, causing every rebound to meet selling pressure. MACD continues to decline below the zero line, indicating bears have a clear advantage.



Strategy:
Bitcoin: 62200-62600, stop-loss at 63100, target 61000-60000
ETH : 1755-1780, stop-loss at 1800, target 1725-1700
Warning: Investment involves risk; please invest with caution.
$BTC $ETH
BTC1.19%
ETH0.68%
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GateUser-dbb66cda
· 6h ago
Will BTC increase or decrease further? #SKHynixTopsKOSPIByMarketCap $BTC ‌
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xtion_
· 8h ago
HODL Tight 💪
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CryptocurrencyAnalysis
· 10h ago
DYOR 🤓
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CryptocurrencyAnalysis
· 10h ago
1000x Vibes 🤑
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