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7.10 Early Morning Thought
Although the bulls briefly counterattacked to recover some losses, the selling pressure above continues to suppress. The upward momentum quickly exhausted after the rally. The short-term market is at a decision point, with bulls and bears repeatedly tug-of-war at key levels.
The rebound resistance zone is the best entry point for short positions. The resistance above is strong, the bulls are weak. Do not chase longs. Short from highs as the trend dictates.
Big brother (BTC) rebounds to 63400, short under pressure at 64000, target 62000, 60900.
Second brother (ETH) rebounds to 1760, short under pressure at 1790, target 1720, 1680.
$BTC