7.13 Morning BTC行情 strategy


The morning market action is clearly differentiated: BTC has continued to trade sideways in a narrow range around the 64,000 level, with weak trading volume and extremely limited volatility; ETH has turned in an independent, against-the-trend rally.
At this stage, do not chase longs. This structure is for the main players to test bullish sentiment in the market by lifting ETH on the back of a move up. BTC has not shown a clear signal of strength with increased volume. Long support is weak. If BTC comes under pressure and fails to break through the key resistance level, ETH’s current independent upswing will likely see a pullback. The core intraday idea is to wait to short after a bounce meets resistance and pressure builds.
BTC: Short in the 64,700-65,000 range, downside targets 63,400 and 63,000 $BTC $GT
BTC2.86%
GT1.19%
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