7.10 Midday BTC/ETH Market Analysis - Shiyuan's Views

The earlier short-term logic from overnight and morning waves is reference-worthy. The market has rebounded and refreshed price points. Plan trades based on the latest prices on the 4-hour cycle.

BTC strong resistance at 64,692, ETH strong resistance at 1,833. The 4-hour level has completed a round of bottom-finding and rebound, with the AO momentum indicator rising in tandem. Short-term bullish momentum is recovering, but the previous high-level resistance has not been effectively broken, and the overall large-scale consolidation structure remains unchanged. The current rebound is a corrective upward move after a decline. This rally alone is unlikely to directly open a one-sided bullish market. The risk of a pullback from high resistance still exists, so avoid heavy long chasing.

BTC (current price 63,843):
Short at 64,200-64,692, first target 62,800, breakdown target 61,297;
On pullback, go long at 61,300-62,800 with stabilization, target 64,200-64,692, stop loss 61,000.

ETH (current price 1,769):
Short at 1,795-1,833, first target 1,730, breakdown target 1,712;
On pullback, go long at 1,712-1,730 with stabilization, target 1,795-1,833, stop loss 1,700.
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