7.15 BTC thoughts and trading suggestions:



Thesis
Current BTC price is 64,507. It’s up 3.8% over the past 24 hours. Market sentiment is 0.87%, with bulls leading dominance; overall, short-term bullish sentiment remains in favor.
BTC’s market cap is still #1, and 24-hour trading is active. Sectors like the halving and Grayscale are providing support, so in the short term there is sustained upside momentum. However, the overhead resistance zone is under clear pressure. After a large wave of follow-the-trend market buy longs enters, it’s easy to see a pump-and-dump style “spike up then pull back” washout; it’s not suitable to blindly chase higher prices.
Overall approach: mainly buy on pullbacks at support; don’t chase at high levels. When key resistance is reached, don’t linger—take profits on the short-term.

Trading suggestions
Low-long setup: place staggered entries on the pullback in the 63,800-64,200 range.
Stop-loss: below 63,500.
Take-profit targets: first target 65,000, second target 65,800 $BTC $ETH
BTC-0.37%
ETH1.78%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
Langlang
· 07-15 00:55
7.15 BTC thoughts and trading suggestions:
Thesis
At present, BTC is trading at 64,507. Over the past 24 hours, it has risen 3.8%. Market sentiment is +0.87%, with bulls in control. Overall, the short-term bullish sentiment is dominant.
Its market cap remains #1, and trading activity over the past 24 hours is active. With support from sector boosts such as the halving and Grayscale, there is continued upside momentum on the short term. However, the overhead resistance zone is clearly under pressure; after a large volume of follower long orders enters, it is easy to see a spike-and-drawback pullback / washout scenario, so it is not suitable to blindly chase.
Overall approach: buy on pullbacks with support as the main idea; don’t chase at high levels; when price hits key resistance, don’t get stubborn—take profits on the short term.

Trading suggestions
Long on pullbacks: enter in batches in the 63,800-64,200 range
Stop-loss level: below 63,500
Take-profit targets: first target 65,000, second target 65,800$BTC $ETH
View OriginalReply0
  • Pinned