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7.21 Tuesday midday market analysis
Currently, BTC is trading around 65,500, and the overall trend is in a range-bound upward momentum. If you already hold positions, stay calm and be patient—there’s no need to let short-term minor rises and drops disrupt your rhythm.
Focus closely on the key support at 65,000. As long as this level is firmly defended, with sufficient order book follow-through, the market pushing back up to challenge the short-term high of 65,800 is only a matter of time. ETH is also pushing up toward around 1,950. For those who haven’t entered yet, you can wait for a pullback to the support level, or consider placing orders after a breakout above the previous high.
BTC trading suggestion: Place a sell order around 66,000, take profit at 65,200–64,000, stop loss at 66,800.
ETH trading suggestion: Place a sell order around 1,950, take profit at 1,900–1,860, stop loss at 2,010.