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7.13 evening
Over the past two days, BTC has been oscillating back and forth within a high-level range. In the early hours today, it tested the 645 key resistance to the upside but failed to break through effectively. Then, a concentrated wave of sell-offs quickly surged out, driving a fast drop to the 624 support. At this stage, it has stabilized around the 630 area and is consolidating and ranging.
After a round of rapid churn on the 1-hour timeframe, it followed with consecutive bullish candles for repair. The MACD’s two lines have turned upward, and the KDJ has completed a golden cross and has continued to move along the rise. There is still plenty of room for an upside rebound. This pullback is only a short-term shakeout; buying on dips is the low-entry window.
Recommendations
BTC: In the 625-620 zone, target 638-645.
ETH: In the 1765-1740 zone, target 1800 to 1840.