7.23 Morning BTC/ETH Market Analysis ShiYuan View


ETH;
After pushing up earlier to 1,958, it’s a bit sluggish now and has pulled back to around 1,933.
1930 is a very key level.
If it doesn’t break: it means support held, and there’s still a chance to surge again to 1,960.
If it breaks: then be careful about a pullback to 1,900 or even lower to find support.
Recommendation: Don’t rush to chase now—focus on 1930. Hold steady, then consider going long; if it drops through, first watch from the sidelines or consider a short.

BTC
The highest it surged to above 66,900; now it’s pulled back to 66,070, right at the 66,000 integer level, stalling.
66,000 is the lifeline for the bulls. If 66,000 holds: it’s still a strong pullback, and it may launch another attack to break the previous high at any time.
If it breaks below 66,000: it could trigger a pullback, with support around 65,000 below.
Recommendation: 66,000 is the watershed between bulls and bears. Above this level, still mainly look for low longs; once there is an effective breakdown below it, you need to guard against the risk of a deep pullback. $BTC $ETH
BTC-0.64%
ETH0.03%
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