7.20 Afternoon Bitcoin and Ethereum Market Analysis

After the price ratio slowly pulled back around midday toward the 64,500 area, a sharp volume surge then drove a deeper probe downward. The support in the 64,000–64,300 range that we looked at this morning was indeed holding; however, it couldn’t prevent the further release of that sharp-volume push, and the price still dropped to 63,736. For ETH, the first intraday pullback was still within the 1,840–1,850 support zone, with the lowest close at 1,841. Although the BTC price has already returned above 64,000, it’s important to note that the pressure around 65,000 is also genuinely solid. And this pullback is happening in conjunction with increased volume—it is not a normal pullback for correction and repair. Strictly speaking, it’s a failed attempt to push higher followed by a trend-based pullback after resistance.

In the current market, BTC is showing a rebound on shrinking volume, with only weak momentum. Although the short-term sharp momentum hasn’t been fully released yet, if there isn’t continued capital follow-through afterward, the downside room will be constrained. What matters now is whether BTC can use support around the 64,000 line to reorganize for another sharp advance, and further break the previous high to open up more upside space. On the short term, if it stabilizes at this level, you can use a light-position approach to target the 64,800–65,000 range; after a successful breakout on increased volume, you can then continue to look higher. ETH tends to fall quickly and rebound quickly as well, and the downside support is still in place—so for now we will still stay bullish and look for a move that breaks through the 1,900 level resistance. Volatility changes like this are happening fairly frequently right now, so you need to adjust your thinking at any time. $BTC #中软国际携手月之暗面布局AgenticAI $ETH