July 20 Intraday Summary of Bitcoin and Ethereum Price Action

From this morning before dawn to now, on the 1-hour timeframe, there was a classic “push higher then pull back + dip-buy rebound” pattern. In the morning session, the price again pushed up toward the 65,000 level, but just like the previous two times, it failed to break through effectively. Afterwards, the market saw continuous bearish candles throughout the day, falling to around 63,700. Only after touching the lower Bollinger Band did it manage to find support. Repeated attempts to push above 65,000 all ended in failure, indicating that selling pressure overhead is stronger and the bulls need more momentum to break through. However, the bid support around the 63,500 area is also clearly evident—yet the bears still couldn’t smash it down.

In the late session, the bulls stepped in with strong volume expansion: from around 64,500, the price broke decisively through to around 65,500 and surpassed the previous high. Now that the price is up, the key is whether it can form a stabilization and holding pattern above 65,000, or whether it will directly break through the 66,000 level. In the short term, the bulls’ momentum is still being released, and our intraday bulls-focused outlook has also been successfully realized. ETH is similar—so I won’t repeat it. If the bulls’ momentum continues to release strongly, then keep lightly following and adding, focusing on short-term trades and never getting too greedy. $BTC #GUSD年化升至3.8% $ETH