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7.11 BTC and ETH coin analysis
Analysis: For BTC, after a rebound around 643-646, place bids at “range buy the dip,” looking at 640-635, with a defense at 650.
For ETH, after a rebound around 1790-1810, place bids at “range buy the dip,” looking at 1750-1730, with a defense at 1830.
After surging to 646 earlier, the bulls lacked strength to continue pushing higher. After completing a round of deep pullback to 636, it repaired and rebounded. Currently, the price is stuck in consolidation below the earlier high, with the moving averages turning down and facing pressure. On the larger scale, setting up a short zone above can accommodate the possibility of a small upside spike to lure longs, preventing entries from being swept out by minor rebounds. Under the overall pattern of pressure in the larger range, a rebound up to the high-level resistance band is a relatively steady short-selling window. #GateUS合规扩展佛罗里达 $BTC $ETH