7/23 $BTC Comprehensive Market Overview 😇 News: The most core positive catalyst comes from US regulatory progress: the CLARITY Act has made substantial breakthroughs. The White House and the Senate reached an agreement on the ethics provisions (barring the President, Vice President, and senior officials from profiting from crypto during their terms), significantly increasing the likelihood that the bill will pass before the August recess. This directly boosts institutional and market confidence, and related crypto stocks surged during the day. The macro environment is relatively warm: softer US employment data + Fed officials’ comments that AI can improve productivity and ease inflation, reinforcing expectations for Fed rate cuts in 2026, which benefits risk assets. Ongoing geopolitical tensions between the US and Iran continue to push up oil prices, bringing some inflation concerns, but overall risk appetite has improved due to optimistic policy, and it has not significantly pressured Bitcoin. 😇 Flows: US spot Bitcoin ETFs have seen net inflows for six consecutive days, accumulating over $900 million (some data reaches $930M). This is the longest streak of net positive inflows since May. On July 20-21, daily inflows were around $226M-$203M, with BlackRock IBIT and Fidelity FBTC as the main forces. Large withdrawals from exchanges (at one point reaching the order of several hundred million USD in a day) reduce potential sell pressure. Net positioning changes for long-term holders turned positive; whales/large holders have stopped selling and show signs of accumulation, indicating a recovery in confidence from “smart money.” 😇 Technicals: After revisiting the support level I gave you yesterday, the price rebounded. The daily chart’s bullish momentum hasn’t fully played out yet. Intraday, watch whether a four-hour level pullback rebound can hold above 66,800; if it cannot, be mindful of the risk of a further pullback. So, in summary, focus on the strength of the one-hour rebound and its critical point. Intraday, smaller timeframes should mainly focus on rebound, and pay attention to whether smaller timeframes can drive the larger timeframes. Support: 65,800-65,200 Resistance: 66,800-67,500

7.23 Morning BTC/ETH Market Analysis ShiYuan View ETH; After pushing up earlier to 1,958, it’s a bit sluggish now and has pulled back to around 1,933. 1930 is a very key level. If it doesn’t break: it means support held, and there’s still a chance to surge again to 1,960. If it breaks: then be careful about a pullback to 1,900 or even lower to find support. Recommendation: Don’t rush to chase now—focus on 1930. Hold steady, then consider going long; if it drops through, first watch from the sidelines or consider a short. BTC The highest it surged to above 66,900; now it’s pulled back to 66,070, right at the 66,000 integer level, stalling. 66,000 is the lifeline for the bulls. If 66,000 holds: it’s still a strong pullback, and it may launch another attack to break the previous high at any time. If it breaks below 66,000: it could trigger a pullback, with support around 65,000 below. Recommendation: 66,000 is the watershed between bulls and bears. Above this level, still mainly look for low longs; once there is an effective breakdown below it, you need to guard against the risk of a deep pullback. $BTC $ETH

Ice sugar orange surged to 66711 but didn’t break through; now it’s hovering back and forth around 660. Large-cap BTC surged to 66711 but didn’t break through; now it’s oscillating around 66018. ETH’s high reached 1958, and it’s currently drifting around 1930. Right now, longs and shorts are fighting each other and there’s no clear winner yet. Don’t rush to chase pumps or sell-offs; observe whether the price breaks out of the range box. Wait patiently for the price to pull back to the support level and stabilize—then prioritize a low-buy (low long) strategy. Only when the price strongly breaks upward through the overhead resistance can it further open up upside space. What you need to watch out for especially is: if the price effectively breaks below the lower support level, adjust your trading thesis in time to guard against the risk of a deeper pullback. Ice sugar orange’s key support level is 65500, and the short-term resistance level above is 66700. Ergouzi’s key support level is 1905, and the short-term resistance level above is 1958. Risk warning: The virtual currency market is highly volatile. The above analysis is for reference only and does not constitute any investment advice. Please strictly manage your positions and risks. $BTC $ETH