7.22 early morning

Over the past hour, the overall boll channel remains with an upward opening; this round’s countertrend top is still not breaking the larger structure. After pushing to break above the boll upper band and setting a new high, it closes with a long upper-shadow candlestick. In the short term, it is in an overbought state; sell pressure gradually becomes apparent. After a continuous rally, it enters a technical correction phase. The second-largest coin’s countertrend momentum remains consistently weaker than BTC’s. It returns to and reclaims the boll mid-band area. Current market conditions are not suitable for chasing higher positions; focus on the boll mid-band as the key line that determines strength vs. weakness. If support holds, it will keep high-level consolidation; if it effectively breaks, the countertrend will be followed by a deeper pullback.

Suggestions
BTC: $662-655 support, target $675-682
ETH: $1900 not broken, target $1950-1980