7.11 morning BTC and ETH analysis



In the short term, the MA5 moving average was originally short-term support for this round of upswing. After a high followed by a drop, the price fell below MA5; MA5 has turned from support into a strong short-term resistance. Each time the price rebounds toward this moving average, it tends to face pressure and drop again. Meanwhile, the mid- to long-term moving averages are still trending upward, but the short-term upside momentum has run out, and there is a need for a pullback for repair.

Trading suggestions:
BTC: Wait and see around 64,500–64,000, and look for 63,000.
ETH: Wait and see around 1,830–1,810, and look for 1,740.
$BTC $ETH $IOST
BTC0.08%
ETH1.10%
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PrincessQingyue
· 4h ago
7.11 morning BTC, ETH analysis

In the short term, the MA5 moving average was originally a short-term support for this round of the uptrend. After the spike and pullback, the price broke below MA5; MA5 has now turned from support into a strong short-term resistance. Each time the price rebounds near this moving average, it tends to face pressure and pull back. The medium- and long-term moving averages are still trending upward, but the short-term upward momentum has run out, and there is a need for a pullback and repair.

Trading suggestions:
BTC: Set a plan around 64,500–64,000, looking at 63,000
ETH: Set a plan around 1,830–1,810, looking at 1,740
$BTC $ETH $IOST
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