Morning market analysis of Bitcoin and Ethereum on July 10

In the early hours, the price first made a slight pullback, testing the support around 62,500 again. Then, a small-scale volume-driven rebound by the bulls pulled the price back above 63,000, briefly stalling at 63,484 before stabilizing above 63,000 for a narrow consolidation. Ethereum stopped its decline at 1,731 and rebounded to 1,759, then traded sideways in the 1,740–1,750 range. At the end of the game, what matters is never how brilliant your technical analysis is, but the discipline etched into your bones – restraining the urge to trade impulsively, strictly following the rules, which outweighs thousands of subjective predictions.

Now the price is stuck near 63,200, consolidating on low volume for several candles. The bottom is rising, with each pullback's low moving higher – this is a typical bullish accumulation structure, indicating the market is waiting for a catalyst to push higher. At the same time, the price has repeatedly touched the 63,300–63,500 zone without breaking through, suggesting short-term selling pressure is building up, and there is a need for a pullback on the smaller timeframe. Since the structure is bullish accumulation but the risk-reward ratio for chasing highs at the current level is not suitable, the strategy is to wait for a confirmed pullback before acting. First, watch the support around 62,500; if it holds, go long targeting 63,500–63,800, with a stop loss below 62,000. For Ethereum, the support at 1,730 remains unchanged, while the upside needs to break the 1,760–1,780 range.
$BTC #GUSD年化升至3.8% $ETH