Haibei Analysis 7.2 Intraday BTC/ETH Market Analysis

After the intraday rally, bullish momentum gradually weakened. The 1-hour cycle moving averages turned downward after the rise, forming a suppression. The rally ended with long upper shadows, and rebound volume continued to shrink. Selling pressure was released during the pullback, ending the low-level repair phase and shifting to high-level consolidation with pressure. There is no major data intraday, but during the pullback phase after the rally, market volatility risk increases. For intraday operations, prioritize short positions on rebound pressure, and only take long positions at lows with light positions and short-term scalping, avoiding long-term holding.

The highs of this rebound in the 1-hour cycle are ETH 1645.98 and BTC 61330.8. The lows of this deep pullback are ETH 1549.97 and BTC 57770. The price has pulled back but is currently trading above all short-term moving averages. MA5, MA10, and MA20 have turned into multiple layers of resistance above. The previous low below serves as the short-term bull-bear dividing line. If support is lost, it will open a new round of downside space.

ETH Key Range
Support: 1608, 1550; Resistance: 1623, 1646

BTC Key Range
Support: 59875, 57770; Resistance: 60440, 61330

ETH
1. Short in the 1623-1646 range on pressure, stop loss above 1653; first target 1610, second target 1608
2. Long in the 1608-1612 range on stabilization, stop loss below 1549; first target 1623, second target 1635

BTC
1. Short in the 60900-61330 range on pressure, stop loss above 61620; first target 60400, second target 59875
2. Long in the 59875-60000 range on stabilization, stop loss below 57770; first target 60440, second target 61100

‼️The above content is only a technical market analysis reference and does not constitute any investment advice. Virtual currency trading is highly volatile and extremely risky. Please control your position and trade cautiously. $BTC