7.16 BTC/ETH evening chart interpretation

Market environment brief

After a round of decline, short-term bearish momentum has weakened significantly. At low levels, capital is stepping in to provide support; panic selling pressure has basically been cleared out. The chart has a need for a corrective rebound.

Currently, the market is filled with a wait-and-see sentiment, with thin trading activity. Main funds are waiting for the U.S. evening market data to land and liquidity to improve before choosing a direction. In the short term, shorts are concentrating on taking profits; buy orders at low levels are increasing. The rebound has a foundation. BTC and ETH are moving in sync, with ETH showing stronger volatility and more elasticity.

Range ideas

For BTC, buy on dips in the 63,000-63,500 range, targeting 64,000-64,500.
For ETH, buy on dips in the 1,830-1,850 range, targeting 1,890-1,930#美军结束对伊朗新一轮打击 $BTC ‌