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7.14 Midday Thoughts
After a big upward move overnight, the market is consolidating and ranging at low levels. In the short term, the RSI indicator is in the middle zone. Throughout the entire rebound attempt, there has been no capital entering the market; the slight rise is only a brief uptick brought by short liquidation. During the midday session, the market overall remains in a weak, range-bound pattern, and each rebound is an opportunity to watch for a pullback in line with the trend.
BTC rebound around 63,100–63,600, targeting 61,700–61,200.
ETH rebound around 1,810–1,850, targeting 1,750–1,710.
$BTC $ETH #GUSD年化升至3.8%