7.24 Friday midday market analysis

The 65,000 integer level is destined tonight to trap both bulls and bears. On the one-hour timeframe, moving averages are arranged in a bearish order; the MACD dead cross gap continues to widen, and the downtrend is clear. Below 65,000, a large amount of long positions is piled up—major players will inevitably insert downwards to liquidate these positions, so the market cannot be said to be stabilizing.

Heavy resistance sits above at 66,000-67,000; in the short term, there is no sufficient rally momentum. The bears are currently firmly in control, so the market is likely to prioritize selling-driven moves over killing longs; pullbacks are not a priority consideration for now. Overseas policy developments are also influencing overall risk appetite, and the market is clearly being pulled by macro clues. Pay attention: the implementation of Friday’s tariff policy will bring sharp volatility.

BTC trading suggestion: short around 65,300, add to shorts at 66,000; stop-loss above 67,000; take profit at 64,000-62,500.

ETH trading suggestion: short around 1,900, add to shorts around 1,950; stop-loss above 2,000; take profit at 1,820-1,700.