7.23 Jack morning BTC/ETH market analysis



On the candlestick chart, the early peak before the drop was 66,924.1. The overall trend has been oscillating all the way downward, with price continuing to trade below the moving average system. After the earlier low dipped to 65,505, a rebound repair cycle followed.

In the right-side range, price entered a sideways back-and-forth consolidation pattern. It repeatedly probed upward and then was rejected and pulled back, failing to break out into a sustained upward trend. Recently, it formed another large bearish candle, directly breaking the range support. The current price is around 65,766, and the room for adjustment will continue to expand.
#区块链

Trading suggestion: trade the range (wide)
Trading range: 64,500–65,500
Stop-loss defense: 63,500
Ziying in segments:

第1️⃣ Ziying target: 66,500
第2️⃣ Ziying target: 67,000
#比特
BTC-1.13%
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NFTCollector
· 17h ago
Bro, will that previous low at 61,500 get broken? It feels like BTC has been really weak lately.
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WoolCollector
· 18h ago
Received—up to date, from first-hand sources.
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StackSats
· 19h ago
The analysis is very detailed, but keep the position size a bit lighter—this area can easily get liquidated both above and below.
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DividendDove
· 20h ago
If this rebound can hold above 66,500, then we can consider going long; otherwise, the main focus is still on going short from high levels. However, your long order stop-loss at 63,500 has a decent risk-reward ratio. The key is to be patient and wait for the pullback to reach the right level before entering.
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