7.12 BTC/ETH midday outlook



BTC surged to 63989.2 and faced resistance before falling back. It is currently at ➕ 63973.8. Near-term resistance is 63982.0, with support below at 63919.0. Short-term moving averages are flat and forming suppression; the rebound lacks sufficient momentum from the high; the “dog-headed” buyers lack follow-through, making continued upside difficult. Overall, the market is weak and range-bound.

ETH surged to 1805.62 and then the dog-headed buyers failed to keep pushing higher. A pullback was seen in parallel. It is now at ➕ 1804.98. Overhead pressure is 1805.37, with support at 1801.57. After the high came with volume, it quickly dried up; upside momentum is overextended, and price is under short-term pressure.

Trade plan
BTC: Set a buy-the-dip (箜) in the 64000-64100 range. Target: 63500.
ETH: Set a buy-the-dip (箜) in the 1800-1810 range. Target: 1780$BTC $ETH
BTC-2.31%
ETH-2.22%
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PrincessQingyue
· 07-12 08:06
7.12 BTC/ETH midday outlook

BTC pushed up to 63,989.2 and met resistance before dropping back. It is currently ➕ 63,973.8. Near-term resistance is 63,982.0, with support at 63,919.0. In the short term, the moving averages flatten to form pressure; the lack of momentum after the spike has made further upside weak. Overall, the market is in a slightly bearish range-bound pattern.

ETH pushed up to 1,805.62, but the upside momentum failed to keep going. It simultaneously moved into a pullback, with current price ➕ 1,804.98. Resistance is 1,805.37, and support is 1,801.57. After spiking with volume, it quickly shrank; upward momentum has been exhausted, and price is operating under short-term pressure.

Trade plan
BTC: set a long/short position with the range 64,000–64,100 as the setup target 63,500
ETH: set a long/short position with the range 1,800–1,810 as the setup target 1,780$BTC $ETH
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