7.22 Morning Bitcoin and Ethereum Market Analysis

After yesterday’s spike to 66,924, the “big coin” and bulls attack momentum slowed down, while today’s early-morning pullback remains limited. Although there is some modest expansion in “bull volume,” it still has not fully broken below the 66,000 level. As for Ethereum, it began to gradually work through the retracement after it surged to 1,953 yesterday afternoon, continuing until around 1,910 early this morning when selling eased near that level. This morning, volume has edged up slightly, and the price of Ethereum has been pushed back up to around 1,930. Many times it’s not that the market doesn’t give us opportunities—it’s that we always try to realize long-term expectations with short-term thinking. Once this rhythm gets out of sync, even a perfect approach is difficult to produce good results.

For the 4-hour chart technical analysis of the big coin, after a period of consecutive upward pushes, the current price is pausing and consolidating at high levels, indicating that the bulls have temporarily held back above 66,500, while the bears have also failed to effectively suppress price. The market still maintains an overall pace of a slow upward shift. As long as the big coin does not effectively break below 66,000, the short-term one-way upward structure will not be broken. The current position is relatively critical. The continuous break to new highs has greatly boosted the bulls’ momentum. If it can stabilize and then break 67,000 or the previous high of 67,255, it will provide important support for the big coin to return to the 70,000 level afterward. In the short term, first look at support at 66,000: if it holds, you can lightly follow; defend below 65,500; and the target is around 66,800. For Ethereum, look at support at 1,920: defend below 1,900; and the target is around 1,945. $BTC #事件合约上线 $ETH