7.7 Tuesday Morning Bitcoin and Ethereum Analysis and Trading Suggestions

Late Monday evening, the market was briefly thrown off by news-driven disturbances, and sentiment once turned confusing. We promptly laid out a bullish outlook—clear logic, solid execution—and naturally the results followed.

In the early hours, Bitcoin released volume as expected and broke through the strong resistance at 64,000, with a peak around 64,690. At the same time, Ethereum’s price structure also pushed up to around 1,833, further opening up upside room. For the long positions that entered earlier following the trend, it’s recommended to take profits in batches and exit gradually, to avoid a sharp pullback after the spike. From a technical perspective, 64,000 acted as the 4-hour moving average resistance level. After multiple tests and the market absorbing the sell pressure, price chose to break through directly. The dip to 61,297 last night was essentially the final bear-trap washout before the uptrend was established. A new round of upward trend for longs has already started; for execution, we continue to maintain the idea of buying on pullbacks.

Bitcoin: go long around 63,800–64,000, target 65,000–65,500

Ethereum: go long around 1,780–1,800, target 1,850–1,900#比特币 $BTC $ETH