### 7.7 Morning Bitcoin and Ethereum Market Analysis

The price corrected normally on Monday by pulling back and repairing above the support range it had been watching during the day. Then, on the eve of the evening U.S. stock market opening, the market suddenly saw a sharp increase in sell volume—breaking below 62,000. It finally stabilized and stopped falling around 61,300, forming the starting point of a rebound. As the evening U.S. stock market opened higher, the rebound trend reappeared. It even broke through the 64,000 level in the early hours, setting a new high of 64,691. Ethereum also broke its prior high of 1,808 in parallel and moved to 1,833. Although the bullish outlook during Monday’s intraday session ran into a bit of turbulence, our subsequent rebound-continuation plan was still successfully realized.

The current movement is a bit similar to early Monday as well, with a push-up and breakout fluctuation. However, the price still hasn’t been able to effectively break through the resistance at 65,000. In the current 4-hour timeframe for BTC, the trading volume is contracting, and a long upper wick is forming, indicating that selling pressure is indeed present. In the short term, if BTC cannot deliver a volume-backed breakout above the prior high, or show a fluctuation that tests 65,000 again, then the risk of pressure at this level is relatively high. Going forward, we should first observe the support level below; the key is around 63,000. For Ethereum, pay attention to the 1,780–1,760 support range. #GT二季度销毁257万枚