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7.11 BTC midday outlook
BTC intraday bottomed out and rebounded, breaking out of a continued rebound pattern. The price has returned to the high-range area to trade in a range-bound pattern, and the overall bullish trend is still ongoing. After a brief surge to the upside, momentum has somewhat weakened; the overhead recent highs are clearly acting as resistance, and it is difficult for the short term to break through directly.
At the moment, market funding sentiment is stable, with no extreme one-way market. At midday, the market is mainly range-bound—do not blindly chase higher. It’s more prudent to wait for a pullback to test support and stabilize before setting up long positions; chasing up offers an unfavorable risk-reward ratio.
Trading ideas
BTC: 64000-64400 support zone, target 63500-62000
ETH: 1800-1820 support zone, target 1780-1750#BTC #ETH