7.5 Bitcoin and Ethereum Market Insights

On the daily trend, the K-line closed with a big negative line and the real volume was full.

The rebound was not effectively continued, and the long line continued to fall under pressure.

So this kind of rebound is not a signal of reversal, but can only be regarded as a repair process after the decline. At present, the downward trend has started again, and the trend is empty. You can continue to do it when the opportunity arises.

On Friday morning, it is recommended to short Bitcoin near 57500-57800, and the target is 56000-55500.

On Friday morning, it is recommended to short Ethereum near 3080-3110, and the target is 2980-2900. #btc #eth