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July 13, midday
Based on the morning盘面 (order book) review, after BTC spiked up to the 64,425 area, the sell pressure above concentrated and surged out. The market then moved into a step-like pullback/retreat pattern. The low in the market probed down to around 62,500. At this stage, the price has entered a phase of mild consolidation and recovery.
From the order-book structure, it’s clear that pressure is layered and quite pronounced on the upside. Overall, the order book is still in a weak posture in the midday session. This pullback cycle has not finished yet; following the trend, the suggested strategy remains unchanged. $BTC #BTC $ETH
Recommendations
BTC: 63,200-63,900 for short
Target: around 62,100-61,300
ETH: around 1,800-1,830 for short
Target: around 1,740-1,700