7.2 BTC & ETH Strategy Analysis

BTC pushed up to 61342 but met resistance and pulled back. ETH surged to 1645, then came under pressure and moved lower. The trading idea for the early-morning follow-through played out as expected and achieved profit. The technical structure still remains the same technical points emphasized yesterday. It’s still a choppy, oscillating process. Once the rebound has confirmed the resistance, what remains is a pullback—and the early morning timing captured this point to continue tracking it.

　　The technical structure still features a triangular range-bound consolidation. The overall continuation performance of the implied wave is weak; neither side has achieved an effective break, so it’s prone to being pulled back and forth. However, the space for retracement from the high has indeed been too deep. To regain ground, it may need help from catalysts in the news/fundamental context. From the daily chart, the rebound has basically reached its limit, with no major signs of a breakout. On smaller timeframes, it is still under pressure. After multiple probes at the highs, it began to shift toward sideways, triangular consolidation. The short-term rebound has caused the decline to stop, bringing price back into the correction range and the correction phase. First, a correction is underway. At the moment, attention should be paid to whether, after the correction completes, there will be a dispersion of volume on the short side.

　　Trading Recommendations
　　BTC: short around 60300—60800, target around 58000
　　ETH: short around 1620—1640, target 1550#币圈 $BTC