7.16 Evening Bitcoin and Ethereum Market Analysis

In the afternoon, the “big pie” saw a slight increase in volume. It fell below the 64,000 threshold, but the subsequent decline lacked the volume support to keep going, and it briefly stopped falling at 63,843. For ETH, the volume release is relatively concentrated: after it broke below 1,900, it moved down another 17 points of space, while the market situation is still in the process of a pullback with volume being released. Trading volume continues to shrink below the average volume line. With the MACD still below the zero axis, the dead cross opening has not shown any obvious contraction, indicating that the “big pie” momentum still has room to keep releasing. KDJ is already in the oversold zone. Although a golden cross has not formed yet, the J line has started to turn upward slightly.

Overall, in the short term the “big pie” has the upper hand, but the pace of the decline has slowed. Still, for BTC you need to focus on the strength of support in the 63,500–64,000 area. Overhead pressure remains at the 65,000 level. If, in the next phase, the BTC price cannot deliver an effective breakout to that area, it will be difficult to smoothly open an upward channel; then the BTC price will likely remain under pressure at the overhead resistance level and pull back. For ETH, it is stabilizing around 1,880. In the short term, support should be adjusted down to around the 1,860 area. The key is whether it can rebound above 1,900 to form a stabilizing posture. You can wait until after the evening U.S. stock market opens, observe the direction of volume release, and then make a decision. $BTC #沃什称AI是否引发通胀取决于美联储 $ETH