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7.23 early morning BTC/ETH market analysis Poem Yanyi views
High-level consolidation—waiting for a breakout signal!
When it’s late at night and quiet, it’s a good time to review. From the 4-hour timeframe, after a wave of strong upside rally, both BTC and ETH are currently in a high-level sideways consolidation stage. The bullish trend is still there, but upward momentum has weakened; the market is digesting it in a “trade time for space” way.
BTC:
Price surged and then pulled back, consolidating in the 65,500–66,500 range.
When it retraces near 65,500, go long; stop-loss 65,200; target 66,200. If 66,800 faces resistance above, consider a short.
ETH:
Following BTC, fluctuating within the 1,920–1,950 box range.
Attempt longs near 1,920 and attempt shorts near 1,950. If it breaks below 1,920, stand by. $BTC $ETH