7.11 Morning Crypto Market Outlook

The market continues to trade in a range with a bearish bias. Recent rebounds have lacked conviction, suggesting sellers still control the short-term trend. Until a clear reversal is confirmed, rallies may continue to offer opportunities for cautious short-term bearish strategies.

Market Overview

Overnight, Bitcoin (BTC) and Ethereum (ETH) attempted to recover but struggled to break above key resistance levels. Buying pressure faded quickly, allowing sellers to regain control. This price action suggests the current recovery remains corrective rather than the start of a new uptrend.

Technical View

Bitcoin (BTC)

- Resistance: 64,200–64,500
- Invalidation: Above 64,900
- Downside targets: 63,400–63,000, with 62,500 as the next major support.

Ethereum (ETH)

- Resistance: 1,795–1,810
- Invalidation: Above 1,835
- Downside targets: 1,750–1,720, followed by 1,690 if selling pressure increases.

Trading Perspective

Patience remains important in the current environment. Chasing price movements can increase risk, while waiting for confirmation near key resistance or support levels may provide better trading opportunities. Traders should manage risk carefully and avoid overleveraging during periods of high volatility.

Risk Disclaimer: Cryptocurrency markets are highly volatile. This analysis reflects one possible market scenario and is for educational purposes only. Always conduct your own research and use appropriate risk management.
$BTC $ETH $IOST ‌$BTC ‌$ETH ‌