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7.9 Midday Market Analysis for BTC
After surging to 62,620, it faced resistance and pulled back. Short-term bullish momentum is weak, and the market remains in a weak consolidation pattern.
Upper pressure continues to suppress, and the rebound lacks sustainability. Do not rush to chase long positions. Wait for key support to stabilize before planning entries. In a volatile market, strictly control positions to avoid being shaken out.
Trading Strategy
BTC: Enter long when it stabilizes in the 61,000-61,500 range. First target 62,000, break above to see 63,000.
ETH: Enter long when it stabilizes in the 1,670-1,700 range. Target 1,755, break above to see 1,810.
(Personal views for reference only, all based on actual market conditions)
#BTC