7.10 midday market outlook


During the midday session, overall trading was range-bound with narrow fluctuations. Attempts to push higher lacked volume support, and bullish strength was weak. The overall downward structure on the chart has not changed; after a small bounce, the probability of a pullback is high.

62500 is the key swing threshold for the short term. Only if price holds above it will there be room for a rebound; if it breaks below, the downtrend will likely continue.

BTC: Short on the rebound from 63,800 to 64,200. Stop loss above 64,400. First watch 62,500, then 61,500.
ETH: Short on the rebound from 1,770 to 1,785 in line with BTC. Stop loss above 1,810. Targets: 1,740 and 1,710. #btc $BTC
BTC1.19%
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