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7.10 Friday night latest big BTC outlook analysis
It really isn’t possible to be stubborn—you have to go with the trend. In the evening session, BTC pushed up again near 64691, then pulled back slightly. Currently it is still stuck in the strong resistance zone of 64000–64697, repeatedly tugging back and forth. And BTC has already stabilized above 64000; the intraday low has been lifting. There are faint signs of an impending breakout of the previous high at 64691. If it breaks out, it will likely target the 65600 area.
But note that the current high has not been effectively broken yet. The bulls have tried multiple times but failed to successfully stand above the key level. This is a phase of consolidation with sluggish gains in a high range. If the breakout of the previous high keeps failing to happen with increased volume, then a pullback is needed, and you should watch support below at 63400–62500.
In terms of trading: if you already hold shorts, and there is an effective breakout above the previous high at 64691, you shouldn’t just keep holding the short position. You can choose to reduce exposure or exit. Aggressive traders can also add a position around the 65600 area on the pull-up, or choose to keep holding after adding.
If later there is an effective breakout above the previous high at 64691, you can go long in line with the trend. The target looks to be around 65600
#预测世界杯西班牙VS比利时 $BTC $ETH