7.6 Evening 22:18

Analysis:
BTC: All timeframes above the hourly level have already turned bearish. The deviation from the 4-hour rally has been corrected, and there is enough room both up and down. Right now, the 1-hour drop is too steep—either a strong 15-minute rebound or a 1-hour sideways move is needed to resolve the “space” issue, so that the downside can play out more effectively.
ETH: Largely the same as BTC. Since this round’s rise exceeded BTC by a lot, as this wave of decline unfolds, the deviation on the 4-hour chart has only been partially corrected. The overall markets affect each other, and there’s a high probability that ETH will continue moving down along with BTC—meaning a catch-up drop.
Summary: The market declined as expected. Be cautious when going long to prevent the same kind of tragedy from happening again. At the moment, on the major level, there isn’t a clear trend for BTC and ETH—they’re in a wide-range consolidation on the daily timeframe. Pay close attention to BTC 61150 and ETH 1694, and how price reacts at these two levels. @Gate_Square