7.22 BTC sees a tug-of-war between longs and shorts, with ETH trading in a narrow range—where will the breakout direction be?
BTC is currently consolidating around the mid-term support at 65,800, and intraday it is now retracing yesterday’s upward move. The 67,000 resistance zone is extremely strong; multiple attempts to surge higher have failed to break through and hold. For now, the support at the 65,800 area is holding, and the battle between bulls and bears has entered a highly heated phase. Over the past 24 hours, the overall market is up slightly by 1.35%. The chart has shown a mild recovery, but the upside push is seriously lacking.
ETH’s trend is relatively steady, hovering around 1,940. Over the past 24 hours it is up slightly by 0.06%, with very small intraday fluctuations. In the past week, major coins have diverged significantly overall. ETH has consistently shown resilient “anti-drawdown” toughness, performing better than most altcoins. However, on the four-hour timeframe, price action has continued to move sideways in consolidation, with trading volume steadily shrinking. In the short term, there is no clear breakout direction, and the range-trading and shakeout pattern is obvious. Recent operations have not been ideal; consult btc0796 to exchange views on the market.
Short-sell suggestions:
BTC 66,000–66,500 short, target 65,000–64,000, defend at 67,000
ETH 1,950–1,980 short, target 1,850–1,800, defend at 2,020
The opinions, conclusions, and suggestions in this article are for reference only and do not constitute investment advice. The market is risky—invest cautiously.$BTC
$ETH
BTC is currently consolidating around the mid-term support at 65,800, and intraday it is now retracing yesterday’s upward move. The 67,000 resistance zone is extremely strong; multiple attempts to surge higher have failed to break through and hold. For now, the support at the 65,800 area is holding, and the battle between bulls and bears has entered a highly heated phase. Over the past 24 hours, the overall market is up slightly by 1.35%. The chart has shown a mild recovery, but the upside push is seriously lacking.
ETH’s trend is relatively steady, hovering around 1,940. Over the past 24 hours it is up slightly by 0.06%, with very small intraday fluctuations. In the past week, major coins have diverged significantly overall. ETH has consistently shown resilient “anti-drawdown” toughness, performing better than most altcoins. However, on the four-hour timeframe, price action has continued to move sideways in consolidation, with trading volume steadily shrinking. In the short term, there is no clear breakout direction, and the range-trading and shakeout pattern is obvious. Recent operations have not been ideal; consult btc0796 to exchange views on the market.
Short-sell suggestions:
BTC 66,000–66,500 short, target 65,000–64,000, defend at 67,000
ETH 1,950–1,980 short, target 1,850–1,800, defend at 2,020
The opinions, conclusions, and suggestions in this article are for reference only and do not constitute investment advice. The market is risky—invest cautiously.$BTC
$ETH