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7.14 early-morning thoughts
Before BTC surged by tapping a 64691.9 entry point, accumulating quite a lot of positions 🐴. Then heavy bad liquidity news compounded the downside pressure, and a large-scale wave of exits followed inside the market.
At higher levels, many holders at the top stopped taking profit and left; sentiment among the remaining side continued to build. Down below, the support/accumulation strength was insufficient, and the chart’s technical formation weakened in sync, breaking down and moving lower.
For BTC, look for a rebound around 63,000–63,500, with targets toward 61,600–61,100.
For ETH, look for a rebound around 1,800–1,840, with targets toward 1,740–1,700.
$BTC $ETH #GUSD年化升至3.8%