7.3 Early Morning Bitcoin and Ethereum Analysis and Trading Suggestions



Bitcoin surged and then pulled back in the evening, the script completely following our projection! The pre-targeted high-altitude area of 61800-62300 precisely captured this decline.

From the 4-hour level perspective, although there were two small rebounds, after hitting the upper resistance line, it completely stopped rising. Ultimately, a doji candle formed and began to pull back, which released a clear signal that the selling pressure above is heavy, and the bulls are exhausted.

The short-term is currently at a critical turning point, but due to the weak buying power from bulls, it is difficult to see a reversal upward overall. Therefore, the subsequent trading strategy is very clear: as long as the price rebounds upward and cannot break through resistance, it will be an excellent opportunity for us to enter and go short.

Bitcoin operation: go short around 61800-62300, target around 60500-59800

Ethereum operation: go short around 1700-1730, target around 1550-1600 area

#币圈 $BTC $ETH
BTC-0.30%
ETH0.01%
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SecondaryMarketDeserter
· 07-03 04:27
This level is a bit too aggressive. If the market wicks into the 61800-62300 range, the stop loss is likely to get swept—so it’s recommended to build the position in batches for a steadier approach.
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