7.3 Morning Bitcoin/Ethereum Market 🍜 Shiyuan's View


Rallied but stalled, entering high-level consolidation. Bullish trend intact, but short-term retracement possible?
Yesterday, Bitcoin surged from a low of 57746 to a high of 62179, then pulled back under pressure. Ethereum similarly rose unilaterally from a bottom of 1545 to 1724 before encountering resistance. The 4-hour chart shows stalling candles, with upward momentum clearly slowing down. Short-term high-level sideways movement to digest gains.

Today's market: the larger bullish structure remains unbroken, but selling pressure is evident above. If the rebound lacks strength, watch for deep retracements. Key support levels: Bitcoin 61000, Ethereum 1670. Holding these levels will maintain a high-range consolidation; a valid breakdown will open up downward repair space. The trading approach should focus on high selling and low buying, avoiding blind chasing of rallies.
Bitcoin → Current 61486
Resistance: 62180, 62600; Support: 61000, 60500
Ethereum → Current 1697
Resistance: 1724, 1750; Support: 1670, 1635

Trading Suggestions:
Bitcoin
1. Short position from 61800-62180 under pressure, stop loss 62400, target 61000 → 60500 → 60000
2. After a pullback, if 60800-61000 stabilizes, go long on dips, stop loss 59900, rebound target 61900; do not heavy bottom-fish without stabilization

Ethereum
1. Short position from 1710-1724 under pressure, stop loss 1745, target 1670 → 1635 → 1600
2. Only if clear buying support appears below 1660, enter a small long position, stop loss 1630, target 1705$BTC $ETH
BTC0.99%
ETH4.49%
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