7.18 Intraday Bitcoin and Ethereum Market Analysis

After the U.S. stock market opened yesterday evening, BTC opened lower and then moved higher in a low-to-high trend, first dropping and then pulling back to the low at 62,505. Afterwards, a big “Do Tou” move with increased volume rebounded, and at the low it closed with a long lower shadow bullish candle. The short-term rally pushed up to 64,356, and only then did it start to lag. Subsequently, volume shrank and the market drifted lower to repair the move, stabilizing around 63,900. As for ETH, after the open, the “Do Tou” with volume was even more sufficient, driving straight toward the 1,800 level, but a rebound takeoff point still formed at 1,802. Afterwards, it lagged around 1,855, and it is currently stabilizing around 1,845. Frequent trading looks like it’s searching for opportunities, but in reality it keeps increasing the probability of making mistakes.

The market still faces the same issue: the large-scale downtrend structure has not changed noticeably. If BTC can’t break through the 65,500-67,000 range, it will be difficult to open further upside space—let alone push up to 70,000 or even return to 80,000. However, looking at BTC’s 4-hour chart now, the overall trajectory’s focus is shifting upward, and BTC’s pullback hasn’t broken below relevant support levels, which suggests ETH/Do Tou has a chance to break above the previous high. The only problem is that after several rallies, volume hasn’t been able to sustain follow-through, failing to provide the push for BTC to break to new highs and continue the rebound. Under the current low-volume sideways consolidation, the “Kong Tou” momentum keeps weakening, and short-term volatility range is limited. For BTC, first watch the 63,500-64,500 range; for ETH, pay attention to 1,830-1,860. $BTC #台积电Q2净利暴增77.4% $ETH