7.10 evening BTC analysis


Current market situation
BTC is currently 64,300, and ETH is currently 1,793. Both have rebounded to the vicinity of key resistance levels, but the upside momentum is weakening. Above BTC, 65,000 and the 50-day moving average form a strong ceiling. Below, support is at 63,500-62,800. Above ETH, 1,800 and the 50-day moving average are clearly suppressing price action. Below, support is at 1,717-1,670. Although bulls have positives such as ETF inflows, it’s close to the weekend and there is a 1.9 billion USD options expiry, so market sentiment is cautious and volatility may increase.
Trading advice
Short setups are primary
● BTC: Short in the 64,600-65,600 range, stop loss at 66,500, target below 63,500.
● ETH: Short in the 1,790-1,830 range, stop loss at 1,860-1,880, target at 1,720-1,730.
Long setups are secondary
● BTC: Buy on a pullback in the 62,300-63,000 range, defend at 62,500, target above 63,500.
● ETH: Buy on a pullback in the 1,680-1,730 range, defend at 1,600-1,650, target above 1,770. #美伊战争阴云再起
BTC0.04%
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