7.12 BTC/ETH midday thoughts



BTC pushed up to 63,989.2 and failed at resistance, then pulled back. Currently ➕ 63,973.8. Near-term resistance is 63,982.0, and support below is 63,919.0. In the short term, the moving averages flatten and form downward pressure; the rally lacks momentum, and further upside after hitting the top looks weak. Overall, the market is consolidating with a bearish bias.

ETH pushed up to 1,805.62, then the “candle top” lacked strength to continue the move upward, and simultaneously entered a pullback行情. Currently ➕ 1,804.98. Upper resistance is 1,805.37, and support is 1,801.57. After rallying on increased volume, it quickly contracted; upside momentum is exhausted, and price is under short-term pressure.

Trade setup
BTC: do a short/bearish position in the 64,000-64,100 range; target 63,500
ETH: do a short/bearish position in the 1,800-1,810 range; target 1,780$BTC $ETH
BTC-0.36%
ETH0.13%
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