7/23 BTC/ETH trading ideas



BTC on the 4-hour timeframe: the market has continued to range-bound and consolidate between 66,000-66,300. The latest candle closed as a spinning top with an upper wick. Bulls made a slight push higher, but they immediately met sell pressure, and resistance overhead is clearly present.

MACD formed a death cross and is running, but the green histogram keeps shrinking. Bearish momentum continues to weaken. The end of the short-term pullback is approaching, and a new round of corrective rebound could come at any time.

BTC: place low-long orders in the 65,700-66,000 range. First target: 67,300. If it breaks through, look to 68,000.

ETH: place low-long orders in the 1,920—1,940 range. First target: 2,000. Further look at 2,050.
#BTC #ETH
BTC-0.94%
ETH-0.40%
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