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7.14 Morning BTC/ETH market analysis — Shiyuan’s view
BTC
Current situation: Trading sideways around 62,200, with weak rebounds and bears dominating.
Key levels: Resistance 63,000-63,500; Support 62,000 (if broken, look for the previous low at 61,300).
Suggestion: If price rebounds to around 62,800-63,000 and gets rejected, consider shorting. Stop-loss above 63,500. Targets: 62,000 and then 61,300 after the breakdown.
ETH
Current situation: Hovering around 1,773, weaker than BTC, falling with it but not rising with it.
Key levels: Resistance 1,800; Support 1,750 (if broken, look for the previous low at 1,712).
Suggestion: If price rebounds to around 1,790-1,800, consider shorting. Stop-loss above 1,820. Targets: 1,750 and then 1,712 after the breakdown.
Reminder: The market is currently in a downward continuation pattern. Do not blindly bottom-pick; wait for a clear stop-decline signal or a breakdown opportunity. $BTC $ETH