7.13 BTC ETH early morning analysis | Luo Yi’s thoughts


The overall trend is under pressure and weakening. On rebound, short the trend by going long above—early-morning rebounds have all been false breakouts used for pullback repair. Prioritize positioning on KN丹.

Market review
Overnight saw a modest rebound that pushed higher, then fell back under pressure. Clear resistance capped the upside, and the rally had no follow-through. In the early morning, the rebound strength was weak; the trapped/liquidation positions are concentrated at the surface, with insufficient buy pressure from the long side, and the short side sets the pace on the chart.

Market analysis
Moving averages across both higher and lower timeframes are all suppressing price. The market’s willingness to chase is low, and BTC and ETH are weakening in sync. Each rebound has limited room; no continuous incremental capital enters the market. There is ample room for downside afterward.

Trading suggestions
BTC
Entry range: 64100-64400
Stop-loss: 64850
First target: 63400-63000
Second target: 62500

ETH
Entry range: 1812-1830
Stop-loss: 1855
First target: 1765-1730
Second target: 1695
$BTC $ETH $CSCOX
BTC0.07%
ETH0.44%
CSCOX0.87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned