July 9 Morning BTC/ETH Market Analysis by Shiyuan



Bitcoin and Ethereum move in sync. After hitting a low in the early hours, they oscillated and surged. As they approached the recent high, selling pressure became evident, leading to a back-and-forth range. Short-term momentum for a strong breakout to new highs is lacking.

ETH → Current 1740
Resistance: 1746, 1755
Support: 1730, 1712
Suggestion: Go long on a pullback to 1734-1738, target 1746-1755, stop loss 1728; short on a rebound at 1746 resistance, target 1735, stop loss 1751

BTC → Current 62276
Resistance: 62373, 62510
Support: 62100, 61520
Suggestion: Go long on a retrace to 62080-62120, target 62370-62510, stop loss 61780; short if 62373 fails to break, target 62100, stop loss 62450
$BTC $ETH
BTC0.78%
ETH0.22%
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