Haibei Analysis Says 7.4 Evening Intraday BTC/ETH Market Analysis

The intraday bullish trend continues, with bullish momentum still solid. On the 1-hour chart, MA5, MA10, and MA20 maintain an upward arrangement, forming a stepwise support from top to bottom. After the price surged, it entered a narrow-range consolidation phase with very limited pullback. Volume remains stable, and there is no sign of reversal in the overall bullish trend. The current focus should be on long positions based on short-term moving averages, while short positions at resistance levels should only be light positions for short-term swing trading, not suitable for heavy long-term holding.
In this 1-hour cycle, the rebound highs are ETH 1775.32 and BTC 62929.2, while the deep pullback lows are ETH 1552.15 and BTC 57770.0; the current price firmly relies on all short-term moving averages, with MA20 forming a key mid-term support. The previously established high becomes the main watershed above; a valid breakout will further open upside space. Only if the K-line breaks below the MA20 support will the market see a larger pullback.
ETH Key Range
Support: 1759, 1755, Resistance: 1775, 1790
BTC Key Range
Support: 62519, 62516, Resistance: 62929, 63283
ETH
1. Short in the 1772-1775 range, stop loss above 1791; first take profit 1759, second take profit 1755
2. Long in the 1755-1759 range on stabilization, stop loss below 1742; first take profit 1775, second take profit 1790
BTC
1. Short in the 62890-62929 range, stop loss above 63298; first take profit 62522, second take profit 62516
2. Long in the 62516-62519 range on stabilization, stop loss below 62170; first take profit 62929, second take profit 63283
‼️The above content is only technical analysis reference and does not constitute any investment advice. Virtual currency trading is highly volatile and extremely risky. Please manage your positions and trade cautiously. $BTC ‌