July 9 morning thoughts on BTC/ETH



Short-term is simple now, no trend-driven market, just back-and-forth chopping and washing; last night bears tried to push down, but couldn't break through, no downside breakout, today's market structure remains unchanged, still ranging, neither bulls nor bears can open a direction, short-term trend unchanged; the slight price pullback is just normal correction and consolidation, the subsequent range fluctuation will get smaller and smaller, today directly follow the overnight thinking, buy on dips, prioritize bullish rebound

On the daily level, after a previous rally, it's now consolidating and building momentum; the overnight low retest was firmly supported, the bottom has stabilized, lows are continuously rising, the overall market is bullish dominant, note that this market is quite grinding, a slow uptrend choppy market, not a one-shot surge; no need to short on rallies, just stick to buying on dips today

BTC: Buy on dips at 61300-61800
Target first 63000, break above see 64300

ETH: Buy on dips at 1700-1720
Target first 1770, break above see 1830
$BTC $ETH
BTC1.17%
ETH0.64%
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