7.15 Morning BTC/ETH Market Analysis Shi Yuan’s View


Rally then pull back; confirming the retest is key!
After a violent surge in the early hours, the market is in a calm digestion phase in the morning. Both coins left long upper wicks, indicating selling pressure above. It’s not advisable to chase at the current level; wait patiently for the pullback to confirm that support is effective before entering.
BTC: Attempted to break through 65,130 but failed, then pulled back to 64,774. On the 4-hour chart, the upper wick is clear—there is a need for a short-term retracement; it must test whether the 64,500 support holds.
ETH: The high reached 1,896, and it is now 1,878. The trend is stronger than BTC, but it is also facing resistance at the 1,900 psychological level, and it is building momentum.
Suggestions:
High short and low long; mainly look to go long on pullback entries.
BTC: Buy in the 64,200–64,500 range; target 65,130/65,800; stop loss 63,800
ETH: Buy in the 1,850–1,860 range; target 1,896/1,920; stop loss 1,810$BTC $ETH
BTC1.96%
ETH2.82%
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