Haibei Analysis says July 3 Midday Intraday BTC/ETH Market Analysis

After the intraday surge refreshed the stage high, bullish momentum gradually converged. The 1-hour cycle moving averages maintain a bullish upward arrangement. After the price hit the high, it entered a narrow range high-level consolidation. The volume expanded on the rise, and the volume continued to shrink during the pullback consolidation. The market ended the unilateral rally and turned into high-level sideways consolidation. The non-farm payroll data will be released at 20:30 tonight, and the market fluctuation risk during the data window will be greatly amplified. Intraday operations rely on moving average support for long positions at lows, and short positions at high resistance only for light short-term bets, not heavy long-term holding of short positions.

In the 1-hour cycle, the current rebound highs are ETH1724.59 and BTC62170.0, and the deep pullback lows are ETH1552.15 and BTC57770. The current price is running stably above all short-term moving averages. MA5, MA10, and MA20 form a multi-layer bottom support zone. The stage high above is the short-term bullish-bearish watershed. Breaking above will open a new round of upward space, and only breaking below the MA20 trend support will trigger a deep pullback.

ETH Key Range
Support: 1704, 1701, Resistance: 1724, 1736

BTC Key Range
Support: 61406, 61457, Resistance: 62170, 62472

ETH
1. Go short in the 1720-1724 range with resistance, stop loss above 1737; first take profit 1710, second take profit 1704
2. Go long in the 1701-1705 range after stabilization, stop loss below 1691; first take profit 1718, second take profit 1724

BTC
1. Go short in the 62100-62170 range with resistance, stop loss above 62480; first take profit 61600, second take profit 61406
2. Go long in the 61400-61460 range after stabilization, stop loss below 61497; first take profit 61900, second take profit 62170

‼️The above content is only a technical analysis reference and does not constitute any investment advice. The non-farm payroll data this evening will cause extreme market volatility, and virtual currency trading carries extremely high risks. Please control your positions and trade with caution. $BTC ‌