7.22 Midday Bitcoin and Ethereum Market Analysis



In the morning, price fluctuations were limited, and the pair has been trading within the 66,000–67,000 range. After a slight uptick in volume in the early session, the pullback has been weak, and price is still above the support level in focus. The current low-volume sideways consolidation indicates that the market is in a quiet digestion phase after a breakout. From the structural position, the pair is now above the 66,000 support area—this is the prior 1-hour breakout pullback level that was confirmed. The sideways movement at the smaller time frame is a repeated test of the support’s effectiveness. Going forward, if price can continue to consolidate in this area on diminishing volume or form a stabilization pattern with lower wicks, it would mean the support is effective, and the rebound could extend to the 66,500–66,800 range. For execution, you can continue with the short-term approach—just make sure you keep tight defense. $BTC #特朗普同意Clarity法案纳入伦理条款
BTC-1.30%
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