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7.15 Midday Thoughts
BTC has just touched the 65,000 mark and then slipped back to around 64,500.
This shows that hitting 65,000 doesn’t mean there’s an effective breakout. What the market truly needs to confirm is whether it can hold above 65,000, and then break through 65,600 as well.
At the same time, ETF capital only returned 21.10 million, and the price bounced; the capital’s follow-through is not strong for now.
Trade idea: Go long on BTC around 64,800. Stop loss at 64,300. Target 65,800.
Go long on the alt around 1,877. Stop loss at 1,840. Target 1,970#