7.20 Evening Bitcoin and Ethereum Market Analysis

The “big cake” saw prices fall in the afternoon to 63,736, briefly pausing before rebounding slightly. Just now it again saw a “dopin” breakout with a small increase in volume as it tested the strength of the 65,000 resistance zone. Combined with the recent trend, the “dopin” near 65,000 has repeatedly probed, but the results have been limited each time—every rally’s high point has not moved higher further. At present, both sides of the “dopin” are only lightly probing each other’s strength and have not truly pushed into a breakout yet. On the 1-hour timeframe, the MACD fast and slow lines are sticking together around the zero axis and are in a golden-cross state. The KDJ three lines are also continuing to fan upward. However, if volume does not cooperate, the “dopin” short-term will obviously face suppression from above. So the reasonable short-term path is: first pull back to confirm support, then seek the next breakout. And the first target for that pullback is around 64,300. If that level can be held and a stop-falling signal appears, then it will be a low-buy opportunity.

For “Ether,” it first looks at support around 1,860. For a more conservative approach, wait until after the U.S. stock market opens before acting. $BTC #GUSD年化升至3.8% $ETH