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7.14 morning market analysis and trading ideas
The four-hour rebound met resistance and failed to gain momentum. This rebound is only a pullback to repair the decline, and the bearish trend remains unchanged. 61,500 is a key support level; if it breaks, the price will continue to fall. Trading should focus on shorting rallies from higher levels.
BTC: Short around 63,000–62,700, target around 61,000.
ETH: Short around 1,830–1,810, target around 1,730.