7.30 THENA morning market outlook analysis
BTC’s 4-hour rebound momentum is decaying, and the market has shifted into range-bound consolidation. The previous high at 64,715 has become a short-term strong resistance, while 63,234 below is the support for this round’s low. Bulls and bears continue to fight with no clear one-way trend forming yet.
ETH surged to 1,935 and met resistance, then moved downward; the buying push has weakened. The resistance at 1,935 is clearly overhead. Key support is 1,870 below. Overall, the market maintains a box-range consolidation pattern.
Key price levels
BTC
Support: 63,234, 63,000
Resistance: 64,400, 64,715
ETH
Support: 1,870, 1,855
Resistance: 1,925, 1,935
Short-term trading ideas
1. Long on dips strategy
For BTC, buy in the 63,250-63,400 pullback range, target 64,300-64,700, stop loss below 63,000;
For ETH, buy in the 1,875-1,885 pullback range, target 1,920-1,935, stop loss below 1,870.
2. Short on rallies strategy
If the rebound is unable to break and holds under the resistance zone, then consider shorting:
For BTC, short on pressure in the 64,400-64,700 range, target 63,500-63,250;
For ETH, short on pressure in the 1,925-1,935 range, target 1,890-1,875.$BTC $ETH