July 9 early morning BTC and ETH market analysis



Short-term moving averages bearish, price continues to be suppressed under the lower Bollinger Band; after a heavy-volume drop overnight, early trading activity has clearly cooled down, only a minor technical rebound.

The two moving averages at 63200 and 63800 form a strong resistance zone; each rebound will encounter selling pressure and pull back. The MACD indicator continues to decline below the zero line, with bearish dominance in the market.

Trading strategy
BTC: Short in the 63000-63500 range, stop loss 64000, target 62000-61000
ETH: Short in the 1755-1780 range, stop loss 1800, target 1725-1700#美终止对伊朗石油制裁豁免 $BTC
BTC1.19%
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