7.19 midday BTC/ETH market analysis Poem-Yuan’s view


BTC
On the 4-hour timeframe, a deep V reversal has completed, pulling back from 62,500 to around 64,700, and it is currently consolidating sideways at the high level.
Resistance above: 65,000. Support below: 64,000.
Bull momentum is strong and the market has repaired; it is gathering strength in the short term. If it can hold above 64,800 and breakout with volume, it may break 65,000; if it retraces on low volume without losing 64,200, it still remains a bullish continuation.

ETH
Following BTC’s dip and recovery, the low at 1,802 has been established, and it is now oscillating and consolidating at 1,868.
Resistance above: 1,880/1,900. Support below: 1,840.
The rebound strength is decent but slightly weaker than BTC. The key is whether it can break above the 1,880 suppression; if it breaks, next target is a move higher toward 1,900; otherwise it stays in range-bound oscillation between 1,840-1,880.

Suggestions:
BTC: On a pullback near 64,200-64,300, try going long. Stop-loss: 63,800. Target: 65,000.
ETH: Break above 1,880 and chase long toward 1,900, or go short-term long on a pullback near 1,850. $BTC $ETH
BTC-0.11%
ETH0.06%
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