Haibei Analysis: Midday July 5th BTC/ETH Market Trend Analysis

In the early stage, the upward trend continued to develop, and after hitting new highs, the market experienced a phased pullback and consolidation. On the 1-hour cycle, MA5, MA10, and MA20 remain in an upward alignment structure, and the stepped support layout has not been damaged. The recent pullback has brought the K-line closer to the medium-term MA20 moving average, with short-term fluctuations increasing slightly. Trading volume has fallen moderately compared to the rally phase, and the large-scale bullish pattern has not reversed. At present, the mainstream layout remains focused on buying on dips at the moving average support, while short positions near the previous highs are only suitable for short-term light positions, and heavy long-term short positions should be avoided.

In the 1-hour cycle, the rebound highs are ETH 1807.76 and BTC 63443.5, while the deep pullback lows are ETH 1552.15 and BTC 57770.0. The current price oscillates back and forth around the short-term moving averages, with MA20 serving as a key medium-term defensive support. The previously established high is the core resistance watershed above. If this resistance is successfully broken, a new round of upward space will open. If the K-line effectively breaks below MA20 support, the market will undergo a deeper pullback.

ETH Key Ranges
Support: 1776, 1765, Resistance: 1807, 1825

BTC Key Ranges
Support: 62923, 62793, Resistance: 63443, 63832

ETH
1. Short at the 1802-1807 resistance range, stop loss above 1817; first take profit 1776, second take profit 1765
2. Short-term long at the 1765-1776 support range, stop loss below 1752; first take profit 1807, second take profit 1825

BTC
1. Short at the 63390-63443 resistance range, stop loss above 63585; first take profit 62873, second take profit 62793
2. Short-term long at the 62793-62923 support range, stop loss below 62600; first take profit 63443, second take profit 63832

‼️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 positions and trade cautiously. $BTC