7.19 Market Analysis

BTC fell back below 64,500 on Friday, and ETH also dropped below 1,850. This was originally a行情 where you should short on rallies, but I didn’t expect the dog whale to cause trouble again over the weekend. Now the price has returned above a critical level. Damn, I can’t figure out what you’re thinking—dog whale, you tell me, how should I act? If this move sees the price go back below 64,500 and 1,850 and continue to add shorts, then for this round, staying more conservative is better, mainly waiting and observing.

$BTC ‌
The market broke through the 64,494 range box, but the breakout rally this time lacks volume. The likelihood of a weekend bull trap is relatively high, and it’s likely to spike up and then fall back.

Break out with increased volume at 65,000—go long. Targets: 65,588 and 66,421.

If it breaks 64,409, the market weakens, and look toward 63,769 and 62,794.
If the range stays trapped between 64,409—65,000, then keep waiting and observing; try to do fewer trades over the weekend.

Resistance: 65,000, 65,588, 66,421
Support: 64,409, 63,679, 62,794

$ETH ‌

For the short-term watershed at 1,878: if it breaks through, follow the trend to go long; if it breaks below 1,857, you can short.
A pullback to 1,830 holding steady can be a low long; 1,926 meets resistance—try a short.
Left-side setup entry at 1,778 to go long, with stop-loss set at 1,752.
If the 4-hour timeframe breaks below 1,842, price may move to 1,822 and then 1,800.

Resistance: 1,878, 1,892, 1,929
Support: 1,847, 1,820, 1,800#BTC走势分析