Zhou Yanling: July 10 Bitcoin BTC Ethereum ETH Today's Latest Market Trend Analysis

The movement yesterday was basically within our expected range, fluctuating between 61000 and 63000, which does not count as any significant market activity. It seems we still have to wait for today, Friday, as there is usually some big movements on Fridays. I wonder if there will be any surprises this time. The upper range of 64000-65000 is where retail investors previously chased prices, and every rebound to this level will naturally see selling pressure from those looking to break even; the lower range near 61000 is the cost zone for whales buying in at low levels, where there is support for declines and resistance for rises. The market has temporarily entered a wide-range consolidation phase; it remains to be seen when this deadlock will be broken. The long-term daily moving averages are in a bearish arrangement, and the coin price is still under pressure from the 20/50-day moving averages, representing a second corrective rebound after a pullback, with the trend not yet reversed. After the 4-hour bottom at 61750, the lows have risen, creating a V-shaped recovery. The MACD has restarted with a bullish crossover at the low level, and the red histogram is slightly expanding, while the RSI has rebounded to 52, slightly bullish. The short-term range is 62000-63500, with 63000 being a dividing line for strength. Only if it stabilizes with increased volume can it challenge 65000; if it falls below 62000, the rebound will weaken again.

Zhou Yanling July 10 Bitcoin:

1. Short at 64500-63700, stop loss above 65300, target 62000-61200

2. Long at 61200-62000, stop loss below 60400, target 63500-64300

Zhou Yanling July 10 Ethereum:

1. Short at 1780-1750, stop loss above 1810, target 1690-1660

2. Long at 1650-1680, stop loss below 1620, target 1730-1760

[The above market analysis is for casual reference only and does not constitute investment advice!]

This content is exclusively shared by senior analyst Zhou Yanling (Public account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies for contract/spot trading, possessing a solid theoretical foundation and practical experience. They are skilled in combining technical analysis with news implications, focusing on money management and risk control, with a trading style that is steady and decisive, recognized by many investment friends for their affable and responsible character and sharp, decisive trading operations.

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