BTC Night Trading Strategy (July 14)

The 4-hour chart clearly shows that the resistance level around 64,700 cannot be broken. Previous attempts to break this level failed, indicating a complete bearish structure. The small rebound right now is only a temporary pause within the downtrend, with insufficient buying momentum. Looking at the 1-hour chart, the short-term rebound is slow and lacks upside strength. Multiple resistance layers above make sustained reversal impossible.
Tonight’s fundamentals face a series of tests: CPI inflation data, an official hearing, and U.S. bank earnings reports will be released. At the moment, market sentiment is cautious, with low liquidity. Significant price fluctuations are expected after the news is released. Short-term traders should remember to keep positions light to reduce risk. The overall trading direction is bearish: If the price rebounds upward to 63,800, this provides a great opportunity to do short selling; If the price breaks below the most recent low, a sell position can be opened, targeting support levels of 60,800 and 59,500.
Tuesday Night Trading Strategy
Bitcoin: Sell around 63,000-63,500, target 61,000
Ethereum: Sell around 1,800-1,820, target 1,740
---------
Follow me. Get more analysis and real-time insights into the crypto market, and subscribe to my Membership for only 10 GT to support me. Thank you, great investors!
$BTC ‌$ETH ‌