7.10 Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Looking back at the early morning session, the market continued its weak sideways consolidation and repair trend, showing a moderate oversold rebound. It slightly tested the upper resistance range of BTC 63,300-64,000, but after the rally, the upward momentum quickly faded and failed to effectively break through the previous rebound high. The rebound lacked volume-driven continuity, with persistent selling pressure above. After the consolidation, it is likely to pull back and test support below.

Yesterday, Zhilan's actual operation took a short position first and then a long position. Throughout the day, BTC took a total of 1,236 points, and ETH simultaneously took 47 points. Trading does not have to be fixed in a single direction; adjust flexibly according to the market trend.

Looking at the current chart, the overall market remains in a narrow range consolidation. The bulls have not broken through key resistance levels with volume, which is a shrinking rally. Every rebound is consuming the remaining buying power, and the bears are accumulating power waiting for a second decline. On the 4-hour level, if this rebound cannot break through the previous high of 64,691, it will be a weak structure with gradually lower rebound highs. Only by effectively standing above the upper edge of the box range (the previous high) can the rebound transform into a trend upward; otherwise, the downside risk remains high. On the hourly level, the rebound hits the upper rail and then faces resistance, with frequent long upper shadows. If the short-term K-line cannot break and hold above the 63,300 resistance level, it will pull back to test the 62,500 support. If support holds, the range consolidation continues; if it breaks, it will further test 61,200, which is the key lifeline for bulls. Losing this level will open a new round of downward space. Operationally, prioritize shorting on rebounds; short-term light positions can be taken at support levels for a rebound, with stop-losses in place and control over position size.

BTC: Short on the rebound to the 63,300-64,000 resistance range, target 62,500 → 61,200
ETH: Short on the rebound to the 1,780-1,808 resistance range, target 1,700 → 1,660
#GUSD年化升至3.8% $BTC ‌$ETH ‌