Updated Btc on July 16
Today's decline is quite significant. Based on the current downtrend, if the afternoon rally fails to break 63,700, intraday support for Bitcoin is at 61,800 and 60,700, and for Ethereum, support is at 3,270. For those who have positioned themselves at the peak, they should take profits in batches and reduce their positions. Today's move down is a normal correction cycle and the trend this month remains optimistic for an upward move.
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