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7.12 BTC/ETH mid-day outlook
BTC surged to 63,989.2, met resistance and pulled back. Current price is ➕ 63,973.8. Short-term resistance is 63,982.0, with support at 63,919.0. In the short term, moving averages flatten, forming pressure; the rally lacked sufficient momentum, and further upside follow-through is weak, so the overall market is in a relatively weak range-bound phase.
ETH surged to 1,805.62, but failed to build momentum for continuation. It simultaneously showed a pullback move. Current price is ➕ 1,804.98. Resistance is 1,805.37, support at 1,801.57. After a high with volume, price quickly saw volume contraction; upside momentum has been exhausted, and it is trading under short-term pressure.
Trade plan
BTC: Set a buy-low/short (箜) in the 64,000-64,100 range, target 63,500
ETH: Set a buy-low/short (箜) in the 1,800-1,810 range, target 1,780$BTC $ETH