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7.21 Tuesday midday market analysis
Currently, BTC is trading around 65,500. The overall trend is following a range-bound upward pattern. For friends who already hold positions, keep calm and be patient—no need for short-term small gains or losses to disrupt your rhythm.
Focus on the key support at 65,000. As long as this level is held firmly, and the order-book follow-through is strong enough, a renewed push upward to test the short-term high near 65,800 is only a matter of time. Meanwhile, ETH is also heading up to around 1,950.
If you haven’t entered yet, you can wait for a pullback to the support levels, or choose a setup after a breakout above the prior 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.