July 6 — Evening Analysis of BTC & ETH by Qian Cheng

The intraday market outlook is completely consistent with the projected paths for the morning and afternoon. ETH earlier precisely touched the 1750 target, then rebounded slightly; it is now quoted at 1772. BTC, meanwhile, has been in weak consolidation around the 62800 area and is now quoted at 62971. The rebound throughout the day still looks feeble, and the “kongs” remain in control of the short-term rhythm.

From the current technical structure, the daily chart is still being firmly suppressed by the medium- and long-term moving averages. The “do tou” cannot even organize a full round of effective consecutive bullish candles, and neither stop-loss overlap nor reversal signals have appeared, leaving the overall weak pattern unchanged. On the 4-hour timeframe, although the Bollinger Bands have tightened somewhat, the price keeps getting blocked repeatedly below the middle band—this area has become a strong resistance for short-term trading. The MACD remains in a dead cross below the zero axis, and the “do tou” momentum decay is clearly evident. After the RSI rebound, it failed to form trend follow-through; instead, it turned downward again. This is a typical “downtrend stacking” continuation correction, not a trend-reversal signal.

In the evening, keep an eye on sentiment transmission triggered by the opening of the U.S. stock market. If there is no major positive catalyst driving the move, any “rebounds” within the market are likely to be a spike followed by a pullback. The main approach remains selling on rebounds; do not blindly chase higher prices.

Trading reference:
BTC: In the 63600—64200 range, you can still set short orders on the “kongs.” The primary target is 62000. If the support is effectively broken later in the evening, the “kongs” will look further toward the 59700 area.
ETH: Similarly, wait for an opportunity in the 1790—1810 range to sell on the “kongs,” with the target continuing to look toward 1730.