7.9 Afternoon Bitcoin and Ethereum Market Analysis

On the 1-hour K-line, BTC has already carved out a rebound trend with 5 consecutive bullish candles. During the session, it was pushed higher from around 61,700 all the way to 63,286, forming a strong K-line that reflects a proactive, aggressive push. Earlier in the morning, it was still in weak consolidation around 61,700; afterward, it printed successive bullish candles and managed to reclaim three key levels in one sweep: 62,000, 62,500, and 63,000. This shows that the rebound has strength and continuity—not just a simple technical dead-cat bounce, but a signal that capital is actively stepping in to support the push.

After the MACD formed a golden cross below the zero line, the bullish momentum is building up. However, the KDJ has entered the overbought zone, so chasing highs in the short term carries risk. Next, it’s worth watching whether the 63,200–63,500 resistance band can be broken effectively. If price rises with strong volume and stands above 63,500, the upside will open up toward 64,000–64,200. If it pulls back to 62,500–62,800 and holds without breaking, the rebound trend is still intact and can be viewed as another opportunity to add to the position. ETH’s current rebound strength is slightly on the weak side; it hasn’t effectively broken through the 1,760–1,780 resistance range yet. Be mindful of a pullback to 1,730. $BTC #蓝色起源启动百亿融资 $ETH