7.16 Afternoon Bitcoin and Ethereum Market Analysis

After the early morning dip retraced to around 64,500, the overall downward trend has slowed. The current low is briefly stabilizing at 64,362. During the day, there was a small rebound to around 64,900, but based on the current rebound strength, it is still not enough to support holding the 65,000 level. As for ETH, its overall range is not large—it's basically trading within 1,930–1,910. Missing the opportunity is not about being sidelined; it’s about leaving room to observe and accumulate. If you never stay out and never learn to differentiate risks.

From the current BTC 1-hour timeframe, price has been repeatedly testing the 64,600 area. The 65,500 resistance and the 64,000 support form the core consolidation range right now, and the range is gradually narrowing, meaning the breakout timing window is getting closer. In terms of strategy: if BTC retraces again to the 64,000–64,400 area and shows a stabilization signal, you may lightly enter and add on the bounce; short-term targets are 64,800–65,000. If there is a breakout with increased volume, then continue to follow through aiming to break the prior high. For ETH, just focus on the support around the 1,900 level; if it rebounds with increased volume, then follow the move to the 1,950–1,970 range. $BTC #PreIPOs第二期OpenAI认购 $ETH