7.6 Morning BTC/ETH Market Analysis by Shiyuan


BTC and ETH are moving in sync, consolidating at highs after consecutive surges. The major bullish trend remains unchanged, and a short-term pullback is needed to digest the gains.
ETH → Current 1780
Resistance: 1808, 1790
Support: 1770, 1760
Suggestion: Go long on a pullback to 1770-1772, target 1785-1790, stop loss 1765; short on a rebound to 1790 resistance, target 1775, stop loss 1796

BTC → Current 63454
Resistance: 63990, 64500
Support: 63000, 62600
Suggestion: Go long on a retracement to 62900-63100, target 63800-64000, stop loss 62500; short if 64000 holds, target 63200, stop loss 64300

Overall strategy: Prioritize buying on pullbacks, strictly avoid chasing highs, and trade with stop losses and light positions for every trade! $BTC $ETH
BTC1.27%
ETH0.42%
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