Haibei analysis: BTC/ETH market overview analysis for the 7.21 evening

After experiencing sustained step-by-step bottoming and rallying throughout the day and touching local highs, momentum from the bulls gradually weakened, entering a high-level, mild pullback, ranging and oscillating走势. On the 1-hour cycle, MA5, MA10, and MA30 remained upward throughout, with a clear bullish arrangement. The mid-term support structure remained intact and was not broken. During the rally phase, volume concentrated and surged to push higher; during the high-level pullback, volume contracted somewhat. Bullish upside momentum weakened at the margin, and overall the market moved out of the surge under pressure, entering a range-bound oscillation with consolidation at high levels. The current positioning approach is mainly range-based swing trading: place short orders lightly in the upper high-point pressure zone; after the moving-average supports stabilize below, enter long positions at a low level. Avoid one-way heavy positioning and long-term holding.

On the 1-hour cycle, the rebound high in this round is BTC 66469.8, ETH 1952.52; the deep pullback low in this round is BTC 62508.2, ETH 1834.06. The current price is in the pullback and repair stage below the high. The earlier rally low is a key mid-term support. If it is effectively broken, the upward trend of this rebound will weaken temporarily.

ETH key range
Support: 1928, 1900
Resistance: 1952, 1965

ETH positioning strategy
1. Shorts: entry range 1942-1953, stop loss 1968, first take profit 1922, second take profit 1902
2. Longs: entry range 1900-1925, stop loss 1885, first take profit 1938, second take profit 1950

BTC key range
Support: 65650, 64800
Resistance: 66470, 66900

BTC positioning strategy
1. Shorts: entry range 66300-66480, stop loss 66950, first take profit 65600, second take profit 64900
2. Longs: entry range 64850-65600, stop loss 64400, first take profit 66000, second take profit 66400

‼️The above content is for technical market analysis reference only and does not constitute any investment advice. Virtual currency price volatility is high and risk is extremely high. Please manage your position size yourself and trade cautiously.