7.22 early-morning BTC/ETH market analysis — Shiyuan’s view


BTC
On the 4-hour timeframe, a strong rebound to 66,564, approaching the previous high of 66,924.
A long upper wick appears at the high level, indicating heavy sell pressure and weakening long momentum.
Suggestion: Don’t chase. Watch the 66,900-67,000 resistance zone; if it can’t break through, you may try a short-term short, with a stop-loss set above the previous high. Support below is around 65,000.

ETH
Following BTC’s rebound to 1,926, it faces pressure at the previous high of 1,953.
The price action is slightly stronger than BTC, but it is also blocked at the high level; the candles show a lack of momentum for further upside.
Suggestion: Mainly stay on the sidelines. If it breaks above 1,953, you can follow with a small position; otherwise, if it meets resistance around 1,940-1,950, you can set up a short near that range, targeting a pullback to 1,880.

Summary: Early-morning volatility may increase. We’re currently in the “fish-tail” stage—better to miss than to make a mistake. Wait for the pullback to stabilize before considering going long. $BTC $ETH
BTC2.00%
ETH1.49%
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