July 19 Morning

The early sentiment continues the opposing trend from the previous day. After rising from the 63,898 low, it oscillated upward all the way, pushed to the 64,888 stage high, then came under pressure and dropped. Currently, it has stabilized and is tightly consolidating and oscillating around 64,737.

During this up-move, the buying/holding follow-through remains strong, and any mid-way pullbacks have not gone deep enough to probe further down, indicating that buy-side capital at low levels is sufficient. However, once it hit the 64,888 resistance level, the bulls’ momentum clearly weakened; after the push upward, it failed to hold the stage high, and has entered a short-term consolidation/recuperation phase after the rise. #BTC

Recommendations
For BTC: Place orders (sell/short) around 65,100–65,600
Target: around 63,400–64,200
For ETH: Place orders (sell/short) around 1,880–1,900
Target: around 1,780–1,820