Wangquan 7.20BTC/ETH Morning Market Analysis

The BTC price is trading above the middle band and below the upper band, forming a high-level sideways range. The Bollinger Bands have overall narrowed to about 63,000—65,300, and volatility compression is evident.

After the MACD golden cross, the red histogram bars have continued to shrink, indicating weakening momentum; the price has repeatedly tested the upper band without success. There is clear selling pressure overhead. EMA15 and EMA30 are sticking together, making short-term bullish-bear battles intense, while EMA60 and EMA90 form a support band below.

The ETH price is running close to the Bollinger middle band around 1,854. The upper band is 1,884 and the lower band is 1,824, forming an extremely narrow channel. The Bollinger Bands are pinched to the extreme; volatility has compressed to the month’s low point. This is a typical buildup pattern. After a sideways consolidation with reduced volume, it often comes with a fast one-direction move.

Resistance: 65,400
Support: 63,500

In terms of execution, use a low-entry strategy. Focus on how price behaves under the resistance levels, and wait for a reliable entry point.

Reference BTC entry around 64,000, targeting 65,000
Reference ETH entry around 1,830, targeting 1,920#BTC