#ETH突破1900美元 $ETH


7.21 BTC midday analysis

Severe resistance at the high: This round’s push to the high peaked at 65,970. After the price touched the upper Bollinger Band at 65,992, it immediately reversed and pulled back. The current price 65,876 has been repeatedly stuck below the band, and the upper band has formed a rigid resistance. The bulls have absolutely no strength to break through.

Volume and candlesticks weaken: After the surge, there were consecutive bearish closes with choppy consolidation. The rebound has no incremental capital to absorb it. A large amount of previously FOMO-chased and trapped long positions has piled up above, and every small rebound will trigger profit-taking sell pressure.


Trading recommendations:
BTC: Entry range: 65,500–66,000
Stop loss: 66,800
First target: 64,000
Second target: 63,500

ETH trading recommendations
Entry range: 1,930–1,945 (sell/short)
Stop loss: 1,960
Targets: 1,880–1,850
ETH-1.25%
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