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7.15 Morning BTC/Price Action Analysis
Benefiting from CPI data, market long sentiment has fully rebounded. BTC and ETH both refreshed stage highs in tandem, and the overall long structure remains intact.
The four-hour moving average lines continue to spread upward, and the market maintains a strong posture. However, after consecutive rallies, volatility on the chart has increased. At high levels, it’s not advisable to blindly chase higher; patiently wait for a pullback and stabilization, which is more robust.
In terms of execution:
BTC: go long in the 64,700–65,300 range, target 63,000.
ETH: go long in the 1,870–1,900 range, target 1,800.
Notes:
The above analysis is by Muyu personally. The market can change in an instant; the content is for reference only and does not constitute any investment advice!
$BTC $ETH