7.22 BTC/ETH Morning Analysis


On the daily timeframe, the upward space for this rebound is limited. The range 66,800-67,200 forms a dense resistance zone, and 66,600 will also become the first short-term blocking level.
Switching to the 4-hour chart, a clear push-up then pullback pattern can be observed: the buyers’ thrust continues to fade. The hourly indicators have entered the overbought zone, and the near-term market is likely to shift into a choppy tug-of-war mode.
Reference trades: BTC around 67,000 to do #BTC , target around 66,000-65,500.
ETH around 1,960 to do , target 1,900-1,850
BTC-0.20%
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TrollBoxResident
· 10h ago
The daily chart’s resistance zone is indeed clearly visible, but the hourly chart being overbought doesn’t necessarily mean an immediate pullback. There may be one more fake breakout before it drops again. For a safer approach, waiting to add to your position after it’s above 67,000 is also fine.
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NarrativeWeaver
· 10h ago
The short position has been placed. Ethereum at 1960 has also been followed. The target is to first look around 1900.
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