July 18 morning BTC/ETH strategy analysis

The early session continued the weakness from before dawn. Although the price attempted to break through 64,150, it was held back by the upper band of the Bollinger Bands, where overhead resistance suppressed upward momentum significantly and caused it to clearly fade. On the 5-minute timeframe, the KDJ indicator’s J value reached the 95 high, entering the overbought zone, and a technical pullback is expected. The overall trend is still dominated by bears, with the EMA moving averages densely clustered overhead, exerting heavy pressure.
In terms of trading, be patient and wait for the failed rebound to stall; only enter after the downtrend is confirmed. Do not chase.
Trading ideas:
BTC: After the rebound meets resistance around 64,200-64,800, try a light short. Targets are around 63,800-63,200.
ETH: After the rebound meets resistance around 1,865-1,890, try a light short. Targets are around 1,800-1,760.
$BTC ‌$ETH #夏日创作营