7.21 Morning Bitcoin chart analysis $ETH

Market logic: On the 15-minute timeframe, it surged to a high of 1917.92, after which the bullish momentum exhausted. The current price 1908.99 is under pressure and pulling back. The short-term EMA7 line at 1908.90 forms an immediate suppression, while the EMA30 line at 1902.24 acts as a mid-term bullish defense support. Overall, the trend still moves upward along the moving averages in a bullish direction, but after consecutive strong rallies, bullish momentum has been consumed heavily. Each time it rallies to new highs, it is followed by a rapid pullback. Candlesticks repeatedly close with upper wicks, and the willingness of chase-buying funds has weakened significantly. Bitcoin’s simultaneous surge and subsequent pressure has dragged Ethereum into weakness in sync. The 1918 level overhead forms short-term strong resistance. If the market cannot increase volume to break the previous high, the high-range consolidation and pullback rhythm will continue. After the 1902 moving-average support is lost, the retest zone is expected to be 1880-1850.

Entry range: Short around 1925-1945. First target 1880, second target 1850. Stop-loss at 1955.