July 12 BTC/ETH midday trading ideas



BTC surged to 63,989.2 and then was rejected and pulled back. Currently it is ➕ 63,973.8. Near-term resistance is 63,982.0, and support below is 63,919.0. In the short term, moving averages are flattening and forming a suppression effect; the rebound lacks enough momentum, and attempts to push higher have little staying power. Overall, the market is weak and range-bound.

ETH surged to 1,805.62 but failed to maintain strength and continue higher; it then fell in tandem. Currently it is ➕ 1,804.98. Resistance above is 1,805.37, and support is 1,801.57. After topping off with heavy volume, it quickly shrank; upward momentum is overextended, and it is trading under short-term pressure.

Trade setup
BTC: set up a short @ 64,000-64,100, target 63,500
ETH: set up a short @ 1,800-1,810, target 1,780$BTC
BTC-0.19%
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