Thursday evening, July 9


Bitcoin finally held above 62900 in this move. Short-term sentiment is indeed bullish, but there is a detail worth noting on the chart—long upper shadows appear repeatedly around 63300, indicating that there are funds suppressing the market at this level. Before the selling pressure is fully absorbed, it is quite difficult to push directly upward. To open up room above, we must see a strong green candle with volume breaking through 63300, only then is there a chance to touch 64000, or even challenge the previous high.
Looking at the hourly level, it is now a typical 'grinding below resistance'. If the next one or two candles still cannot break through 63300, it is likely to retrace to test support at 62500. If 62500 holds, then short-term range oscillation; if it is lost, the next level to watch is 61200—this level is the last line of defense for bulls in my view; if it breaks, the bearish trend will further strengthen.
Suggestions:
BTC: Short around 63200-63500
Target: around 61200-61600
ETH: Short around 1760-1780
Target: around 1690-1720
#比特币、
ETH2.88%
BTC2.22%
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FeeswitchWhisperer
· 23h ago
This analysis is spot on. Don't force a push below the resistance level; wait for a retracement to confirm support before making a decision—it's more stable.
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EchoOfL2
· 07-09 12:57
If 62,500 can’t hold, then it’ll drop to 61,200—we all know this script a little too well, and it’s honestly a bit painfully familiar.
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DaoBackbencher
· 07-09 12:40
Hour-level grinding is the most torturous. Let's short one hand and see, with stop-loss in place.
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BerryColdWallet
· 07-09 11:50
The 63300 level is really grinding—repeated upper wicks make me eager but hesitant. I'll wait for a volume breakout before joining.
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GovernanceMoodboard
· 07-09 11:42
ETH resistance around 1760 is also quite evident, short in tandem with BTC.
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