### Bitcoin and Ethereum Market Summary for July 9



From the 1-hour perspective, today the market completed a full structure of "sharp drop to bottom → volume-driven rally → shrinking volume pullback → stabilization in late trading." After finding support near 61,700 in the morning, it rallied consecutively with modest volume to around 63,300. In the afternoon, it pulled back on shrinking volume to the 62,400-62,600 area to confirm support, then recovered to 63,000 in late trading and briefly stabilized above 62,500. On the daily chart, it closed with a bullish candlestick, alleviating the recent downtrend. Ethereum followed a similar pattern of bottoming and rebounding, currently trading near 1,740. During the day, it bounced from a low of around 1,720 to a high near 1,760, with a similar range to Bitcoin but significantly weaker momentum, indicating a passive lag.

Currently, the MACD maintains a golden cross above the zero line, while the KDJ remains in a high zone, suggesting room for corrective pullback in the short term. However, the strength of this correction depends on whether Bitcoin can sustain its rally. For now, the trend is still in the initial stages of a rebound following the previous decline. Bitcoin's volume release is limited, and Ethereum is similar, lacking strong initiative to move upward. If Bitcoin can hold around 63,000 and further challenge 63,500-64,000, it may relaunch a previous counteroffensive. Conversely, if the 62,000 level is broken with volume, caution is needed for a pullback to test support below the prior low. For Ethereum, the rebound first faces resistance in the 1,750-1,770 area, while pullback support lies in the 1,710-1,730 range. #特朗普宣布美伊停火结束
BTC1.64%
ETH0.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned