7.7 Morning Bitcoin/Ethereum Market Analysis - Shiyuan's View


Bitcoin and Ethereum move in sync. After a deep dip in the early morning, they strongly rebounded and recovered lost ground. The bullish trend is solid. Short-term indicators are high, with a need for a small pullback to repair. Do not chase the rally; wait for a pullback to position.

Ethereum→Current 1798
Resistance: 1833, 1860
Support: 1775, 1740
Suggestion: Pull back to 1770-1775 go long, target 1820-1833, stop loss 1740; bounce to 1833 pressure short, target 1780, stop loss 1845

Bitcoin→Current 64000
Resistance: 64730, 65100
Support: 63600, 63000
Suggestion: Pull back to 63600-63800 go long, target 64500-64730, stop loss 63000; 64730 not broken short, target 63900, stop loss 64850

Overall strategy: Priority on pullback longs, strictly avoid chasing highs, each trade with stop loss and light position! $BTC $ETH
ETH-0.40%
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