July 16


BTC mid-day
High-level consolidation and choppy trading. On smaller time frames, indicators show a top divergence pattern, and bullish attack momentum is insufficient. Liquidity during the afternoon is weak, making it very difficult to break upward; a pullback to digest profit-taking sell orders is the most likely trend.
Strategy:
BTC: Pull back to 64,200-64,500, defense at 63,700, target 65,000-65,500
ETH: Pull back to 1,840-1,860, defense at 1,800, target 1,900-1,930; breakout to watch 1,950
Disclaimer: Investing involves risk. Proceed with caution before entering the market.
BTC0.32%
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