7.17 Morning Bitcoin and Ethereum Market Analysis

The price comparison did not form another upside spike again late yesterday evening; it was still capped by the pressure around 65,000. In the early hours, it moved out a weak range-bound consolidation followed by a downward drift, and is slowly approaching the 63,500 support. Compared with BTC, ETH’s pullback appears relatively stronger. After it fell below the 1,900 level, it has stayed in the lower area; the low point is already close to 1,850. The choppy action has worn down impatience and also filtered people’s disposition. Only after weathering a low point that nobody expected can there be the confidence to catch the market rebound and the “gifts” it brings.

From the current 4-hour timeframe, after a slight uptick in volume late yesterday evening, it quickly weakened again. In the short term, it has not yet organized an effective counterattack; instead, it has continued to be pressured downward, testing the strength of support. KDJ is now in an extreme oversold zone, and technical rebound demand continues to accumulate. Even though the focus is still trending downward, the key support has not been broken, and the medium-term ETH structure has not yet been damaged. If, in the 63,500–63,000 area, there is a high-volume bullish candle that closes higher, then this pullback and consolidation would be considered complete, and the rebound target can be re-examined for the 64,800–65,000 resistance area. Conversely, if it continues to trade with low volume in a sideways range and then loses 63,500, the pullback will deepen to the 63,000–63,300 range to look for support again. After ETH breaks 1,850, pay attention to the area around 1,830. $BTC #USDT充值理财双重奏 $ETH