$BTC Evening analysis on July 9



During today's daytime session, BTC rebounded after hitting a low of 61,666, reaching a high of 63,286. The short-selling range of 62,400–62,900 given earlier was previously a key support zone, but now its role has switched to a short-term resistance level. In the afternoon, prices briefly rose above the box range, but by evening the market fell back into the range. For those who have already placed short orders here, there is no need to worry excessively. The short-term rebound is merely a brief pull by bulls, and there is no reason to panic over temporary fluctuations. The strategy we provided in the afternoon has already seen a drop of 800 points, so those who followed up please check and act accordingly.

Analyzing the overall market landscape, the current bullish momentum is insufficient and lacks the conditions to sustain a breakout to higher levels. If prices continue to rise into the 63,800–64,200 range, you may add positions along with the trend. If the market does not rebound further, the original layout remains valid, and the medium-to-long-term target remains 61,000. The market is only experiencing minor fluctuations at the moment, so be sure to strictly manage positions. The core idea of shorting at highs remains unchanged; patiently wait for the subsequent decline to materialize.

Thursday evening trading strategy
BTC: Short near 62,800–63,300, target 60,800
ETH: Short near 1,740–1,760, target 1,710
BTC1.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned