7.12 Night Silk Road

After the big pie surged up to the 64,680 pivot point, the upward push simply died out. Several attempts to push higher failed to break through the pivot point, and the overhead pressure is especially heavy.
Now it’s grinding back and forth around 64,000. The rebound strength is particularly weak, and there’s very little capital willing to enter and “catch the dip.” A sizable amount of profit-taking sell orders has piled up at the pivot level, so in the evening, the market is very likely to consolidate and then adjust downward.

For BTC (big pie) support/resistance near 64,600–65,100, the target is around 63,200–62,700.
For ETH support/resistance near 1,830–1,870, the target is around 1,770–1,730.
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