7.21 Morning BTC/ETH Market Analysis — Shiyuan’s View



BTC
The 4-hour chart surged to 65,788 and met resistance, forming consecutive bearish candles. Short-term selling pressure is heavy, and it is currently testing the effectiveness of the support below.

Resistance: 65,788 (previous high).
Support: 64,500 - 64,800 (first support), 63,500 (strong support).

Suggestions:
If it pulls back to around 64,500 and stabilizes, you can take a small-position long.
If it holds above 65,800, then follow through and add positions in trend.

ETH
After hitting a high at 1,946, it fell back. It is currently at a key level where prior resistance is turning into support, and its trend is weaker than BTC.

Resistance: 1,946.
Support: 1,898 (life-or-death line), 1,850 (if broken, watch for this).

Suggestions:
If a rebound reversal signal appears around 1,898, you can look for a bounce; if it breaks down, cut losses and exit, or flip to a short.$BTC $ETH
BTC1.81%
ETH1.75%
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