7.17 Morning Thoughts



63800 tests repeatedly without breaking; most likely it will grind on the bottom step.
Keep ranging and consolidating; trade sideways to gain space over time.
Wait for indicators to recover and for the main players to enter.

Right now is the stage of “enduring through the bottom to rebound.”

Idea suggestions
BTC: go long at 63400-63200, target 64750.

ETH: go long at 1830-1800, target 1950#BTC
BTC-1.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
PFPAesthetic
· 7h ago
Bro, we’re solid—this bottom-bouncing rebound can be caught from the first move.
View OriginalReply0
PoWPurist
· 8h ago
Three attempts that fail to break is definitely a signal, but the sideways grind at the base really tests patience. If your position size is light, you can build in batches; the target at 64,750 feels like it has a chance.
View OriginalReply0
AirdropHunter
· 8h ago
The support at 63,800 has been tested three times without breaking, which shows that the buy-side demand below is quite strong. However, it’s still a bit early to call it the bottom—we need the indicators to recover and for volume to cooperate. I’m planning to buy a bit around 63,400, set a stop-loss below 63,000, and look up to 64,750. Ethereum could also be considered to go long around 1,830, with a target of 1,950. Risk control first.
View OriginalReply0
  • Pinned