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7/14 Midday Thoughts
After BTC and Ethereum rose, they began to consolidate and rest. Many people worry that the uptrend has ended. In fact, the market is only digesting sell pressure, and the overall trend hasn’t turned bad.
When BTC pulls back to around 62,300, you can watch for a chance to rebound from the lower levels. The upside range is expected to reach 64,700.
For Ethereum, observe in batches within the 1,760–1,780 range. The rebound targets to reference are in the 1,810–1,840 range.
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