7.21 Evening BTC and ETH Market Analysis

In the afternoon, price comparisons launched a push, with consecutive bullish candles on the 1-hour timeframe probing upward and successfully breaking through the 66,000 level. Although the overall move isn’t large, the pullback strength is even weaker, making it impossible to stop the rebound trend. ETH’s rebound trend is relatively more obvious, and in the afternoon it also saw a slight increase in volume to support the rebound, proactively testing the resistance at the 1,950 level. Any sharp market fluctuations are projections of extreme human emotions— the more urgently you try to prove your judgment is correct, the more easily you can be caught in a reaction by the market leading you by the nose.

From the current BTC 1-hour timeframe, there hasn’t been a textbook-style “breakdown plus volume acceleration”; instead, it has formed a structure of rising on declining volume. However, the highs and lows are still gradually moving upward. At present, the short-term bulls still control the situation. For this rebound, we need to watch the overhead pressure in the 66,500-66,800 range. For the evening direction, we continue to look for bulls, but after consecutive declines in volume pushing higher, the risk-reward for chasing is already not that attractive. If, next, it can hold steady above 66,000, and volume can cooperate afterward, it may further break above the 67,000 level. Since ETH has resistance around the 1,950 area, we’ll first watch that level—then, with a breakout on increased volume, look further toward around 1,970. Pay attention to volatility around the opening of US stocks in the evening; if it drops first, look for support, and keep the thinking mainly focused on low bulls. $BTC #ETH突破1900美元