7.18 just after midnight BTC/ETH analysis



BTC fell to 62,600 with a slight rebound; 63,500 met resistance and moved lower again, with the overall market sentiment remaining weak.

Buy-side strength is insufficient. Pullbacks lack volume support, and the short-term weak pattern remains unchanged.

BTC: range trade at 63,500-63,800, target 62,000
ETH: range trade at 1,840-1,870, target 1,780.

Hint:
The above analysis is my personal analysis. The market changes rapidly; the content is for reference only and does not constitute any investment advice!
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BTC1.98%
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PhishDetector
· 07-17 18:53
Although the market looks bearish, after an oversold move in the short term there may be a technical rebound; if you’re shorting, take profit in batches and don’t hold the position.
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RSIRollerCoaster
· 07-17 18:01
This round is indeed weak; the rebound lacks momentum, so continuing to look bearish is relatively more prudent.
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