7.18 Two-Bit Strategy Breakdown

Overall, the current price of KasETH is hovering around $1,840. Over the past 24 hours it has inched down 0.7%, and the intraday trading range is $1,803–$1,857. It is moving in step with BTC’s synchronous, narrow-range consolidation and mild downward drift, and the rebound strength is clearly weaker than Bitcoin’s.

Today, pressure comes from BTC’s large options expiration, combined with ETH having a relatively high share of bearish options. Throughout the day, volatility contracted. Early on, after pushing above $1,860, price met resistance, then oscillated lower. At the low end, the $1,800 level was repeatedly tested and defended, with clear “battle” dynamics among existing liquidity/positions. Retail investors are staying cautious, and trading volume has slipped slightly compared with the prior two days. In the short term, there is no clear one-direction trend up or down; overall, price is forming a weak, range-bound consolidation pattern.

Key Support and Resistance Levels

Upward Resistance

1. First short-term resistance: $1,900–$1,920. This is the first area that will cap intraday rebounds; only if price holds above this zone can the intraday weakness be repaired.

2. Medium-term strong resistance: $1,990–$2,030. This includes the 100-day moving average, the core pressure zone for this rebound. Only with a breakout above $2,030 on increased volume can upside room for bulls open, with attention turning to liquidity areas above $2,150.

Downward Support

Short-term life-or-death support: $1,800–$1,810. This is the defense zone that has been tested multiple times today. A valid breakdown would trigger liquidation for leveraged long positions, and price could directly fall toward $1,750.