2026.7.7

Yesterday's market normal correction trend was not completed originally. Trump's tweet affected the market's own adjustment cycle and structure. Under normal correction circumstances, today's bottom-finding and rebound would likely form an uptrend again. But after forced turning midway, the market's large volatility oscillation will continue, and time will be extended. The largest two cycles, weekly and monthly lines, are still in the bottom rebound stage, while cycles below the daily line have returned to high levels. Since July, bulls have been working hard. Both ETH and BTC have now reached near key positions on the daily line. BTC: First a correction, 64000 is a key position, resistance is obvious. Yesterday's correction completed the 2-hour cycle, then attempted 64600 in the evening pull-up, currently in a stage of pulling back to find support. 1, 2-hour cycles are at highs, 8-hour cycle is a low-volume strong rally.

Wait for retracement to confirm support is valid, then go long. Most cycles below the daily line are at high levels, beware of bearish resonance. Low-volume rally is ultimately a "rogue" move.

Support: 62055-62500, Resistance: 64100, 64700, 65000

ETH: There are great opportunities for both shorting at highs and longing at lows. Currently most cycles are at high levels, weekly and monthly are at bottom. After a large correction and consolidation support, go long. Forced rally creating an 8-hour divergence, go short! Don't be scared.

From a cycle perspective, there is strong demand for correction below the daily line. But the K-line structure's bullish trend remains intact. Therefore, both long and short have opportunities. Above 1800, several breakthroughs then back down to build momentum. The battle here is fierce.

Support: 1770, 1740, 1702, 1665 / Resistance: 1808-1830, 1850, 1880-1900