7.4 Morning BTC ETH Market🍜 Analysis Shiyuan's View


New highs encountered resistance and stalled, bullish trend intact but short-term pullback needed?
Yesterday BTC rose stepwise from the low of 57758 to a high of 62957 before facing resistance and closing with a long upper shadow; ETH similarly rallied unilaterally from 1552 to a high of 1775.50 before pulling back. Both 4-hour charts show topping-out stagnation candles, upward momentum weakening, and short-term high-level consolidation to digest previous gains.

Today, the overall bullish long-term trend has not been broken, but selling pressure from above continues to increase. With weak upward momentum, be cautious of a small pullback. Core support: BTC 61000, ETH 1740. If support holds, maintain high-level range consolidation; once it effectively breaks, correction space will deepen. Operation: mainly buy low and sell high within the range, strictly avoid blindly chasing highs.
BTC → Now 62766
Resistance: 62950, 64000, Support: 61000, 59000
ETH → Now 1757
Resistance: 1775, 1800, Support: 1740, 1710

Operation Suggestions:
BTC
1. Under pressure at 62700-62950, you can place short orders, stop loss 63100, target 61000→60500→59000
2. Retrace to 61000-61300 and stabilize before going long, stop loss 59800, rebound target 62500; do not heavy position to bottom-fish if not stabilized

ETH
1. Under pressure at 1770-1775, enter short orders, stop loss 1782, target 1740→1710→1650
2. Only if there is obvious support below 1740, try a small long position, stop loss 1705, target 1790$BTC $ETH
BTC1.55%
ETH2.28%
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