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7.14 Evening Trading Plan
BTC started a series of rebounds from the low point at 61810, rallied to 62857, but after that the bullish momentum clearly began to fade. Going forward, volume continues to shrink and capital flows out. A short-term double-top pressure has formed overhead, and further upward momentum is lacking—this rebound appears to have largely topped.
The overall market is under pressure and trending downward. First watch 62,000 as short-term support. Even if it holds support temporarily, sell pressure from above remains heavy, making it difficult to break to new highs again. The overall trend is biased to the downside.
Trading idea: mainly sell the highs, with occasional buys on dips. Place short orders around 62,900-63,100 on BTC, targeting 61,500.
ETH (second coin) 1810-1830, target 1686