Haibei Analysis says 7.4 Midday Intraday BTC/ETH Market Surface Analysis



Intraday bulls continue upward momentum, bullish momentum remains strong. On the 1-hour chart, MA5, MA10, and MA20 are aligned upward, forming layered support below. The market is continuously hitting new highs for the stage, with limited recent pullbacks. Candlesticks are steadily climbing along the moving averages. Currently, there is no sign of a trend reversal in the bullish market; short-term consolidation is more common. Going forward, long positions should still be prioritized based on support from the moving averages, while short positions at highs are only suitable for light, short-term swing trading and not for holding heavy long-term short positions.
On the 1-hour chart, the highs of this rebound are ETH 1775.32 and BTC 62929.2, while the lows of this deep pullback are ETH 1549.97 and BTC 57770.0. The current price is steadily trading above all short-term moving averages. MA20 forms a medium-term strong support zone. The previous high is the key resistance watershed above; breaking through it will open up a new round of upward space. Only an effective break below MA20 will trigger a deep correction.

ETH Key Range
Support: 1754, 1748; Resistance: 1775, 1790

BTC Key Range
Support: 62510, 62343; Resistance: 62929, 63283

ETH
1. Short in the 1772-1775 range under resistance, stop loss above 1791; first take profit 1754, second take profit 1748
2. Long in the 1748-1754 range upon stabilization, stop loss below 1735; first take profit 1775, second take profit 1790

BTC
1. Short in the 62880-62929 range under resistance, stop loss above 63295; first take profit 62549, second take profit 62343
2. Long in the 62340-62510 range upon stabilization, stop loss below 62000; first take profit 62929, second take profit 63283

‼️ 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 manage your position and trade cautiously. $ETH
ETH1.64%
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