July 16

BTC evening
After spiking higher, indicators showed a bearish divergence at the top; the incremental buying from bulls was insufficient. In the evening, liquidity is ample, so the competition between longs and shorts will be even more intense. It is likely to keep ranging with repeated back-and-forth moves within a range, and the probability of a false breakout is high. It is not suitable to blindly chase gains or cut losses.
Strategy:
BTC: 63,500-63,900 range; defense at 63,000; targets 64,900-65,600; if it breaks out, look at 66,000
ETH: 1,830-1,850 range; defense at 1,800; targets 1,900-1,950
Disclaimer: Investing involves risk; enter the market cautiously
#美国6月PPI年率5.5% $BTC