7.5 Sunday afternoon Bitcoin and Ethereum market analysis and trading suggestions

Reviewing from the early morning to now, the overall bullish momentum continued with a surge and pullback scenario. Bitcoin hit a new high of 63450 in the early morning, while Ethereum simultaneously rose to 1808. Subsequently, a technical pullback began, gradually retreating from the highs, and now entering a consolidation phase.
The real-time position layout firmly adhered to the core strategy of buying on pullbacks (long). Bitcoin netted a total of 1397 points, and Ethereum simultaneously captured 42 points. The real-time rhythm always followed the bullish trend, and the profit orders once again verified the accuracy of the strategy.

Looking at the current chart, the bullish rebound trend on the large cycle has not fundamentally changed. After the short-term surge, a technical pullback consolidation occurred. The Bollinger Bands on the larger timeframe maintain an upward-opening pattern. After the selling pressure is digested, the market still has the momentum to surge again. The weekly level closed with a solid bullish candle, ending the previous consecutive bearish candles, further confirming the bottom reversal signal. The daily chart advanced steadily with consecutive bullish candles, with the K-line standing above the middle Bollinger Band. The bullish structure is intact, and as long as the pullback does not break key support, it is a healthy accumulation trend. The 4-hour chart overall maintains an upward-opening bullish pattern. After surging near the upper band, it pulled back, which is a typical overbought repair scenario. The K-line still operates above the middle Bollinger Band, and the rebound channel after the bottom reversal on the larger timeframe remains intact, with a clear medium-term bullish trend.
On the hourly level, the upward momentum has slowed down. There was a pullback and a brief test of the middle band support, but the decline was not accompanied by sustained volume. It has tested the resistance level of 63200 three times to the upside. If this resistance level is broken, the next upward target will be around 64300. Meanwhile, pay attention to the support at 62200 below. If it is not effectively broken, there will be no deep pullback. If the support is confirmed effective, you can also take a long position.
BTC: Long near 62500-62200, target 63200→64300
ETH: Long near 1750, target 1800→1848
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