7.13 High Position Consolidation Focus on the Previous Support Level of 11.65, Midday Bitcoin and Ethereum Market Analysis Strategy
From the daily chart, Bitcoin continues to operate above 11.7 in the short term. The short-term support focuses on the previous fluctuation low point of 11.65/11.6. If this level is lost, there may be a pullback trend. It is recommended to remain cautious and observe before a clear adjustment trend emerges. The resistance level to watch is above 11.8/11.88. If the high point is broken again, the bullish trend will continue. In terms of operations, it is suggested to focus on the breakout situation of this fluctuation range.
From the daily chart of Ethereum, the price remains above the MA5 moving average. Due to the small amplitude of fluctuations over the weekend, there has not been a clear trend. The short-term support focuses on the fluctuation low point of around 2900, while the resistance level to watch is the effective breakout situation around 2980/3000.
Midday Operation Strategy (Written at: 15:00):
BTC: Buy at 10.65, add long on a pullback to 10.55, target 10.75/10.8, short positions can follow the trend after a clear pullback.
ETH: Buy at 2920, add long on a pullback to 2860, target 2980/3020, shorts need to wait for the market to show a clear trend.
