July 23 Intra-day BTC/ETH Market Overview Analysis

In the early stage of the intra-day move, prices rallied upward to set a local high, but afterward bullish momentum kept weakening. The market then entered a high-range consolidation and pullback pattern. On the 1-hour cycle, the mid-term upward support structure is temporarily intact, while the short-term moving averages have turned downward and formed downward pressure. During the spike phase, increased volume led to entries; during this pullback process, volume gradually dissipates. The strength of the bulls’ push has clearly diminished. Overall, the market is in a post-spike pullback and repair range. At this stage, prioritize range swing trading: place short positions lightly near the upper resistance, and only after the pullback retests and stabilizes at key support should you consider low-long entries; do not hold oversized directional positions.

On the 1-hour cycle, this rebound’s high: ETH 1955.68, BTC 66926.1. This deep pullback’s low: ETH 1841.71, BTC 63729.3. Current price is continuously falling below the highs. The support band formed during the earlier rally is the line that divides strength and weakness in the market; once that support is effectively broken, the rebound trend in this round will weaken.

ETH Key Ranges
Support: 1900, strong support 1882
Resistance: 1932, strong resistance 1955

ETH Plan
1. Shorts: entry zone 1928-1942, stop loss 1960, first take profit 1900, second take profit 1882
2. Longs: entry zone 1885-1900, stop loss 1870, first take profit 1922, second take profit 1935

BTC Key Ranges
Support: 65200, strong support 64700
Resistance: 66000, strong resistance 66900

BTC Plan
1. Shorts: entry zone 65900-66200, stop loss 67050, first take profit 65200, second take profit 64700
2. Longs: entry zone 64650-65100, stop loss 64300, first take profit 65800, second take profit 66100

‼️ The above is for technical chart reference only and does not constitute any investment advice. Trading in virtual currencies has high volatility and extremely high risk—please manage your position size yourself and trade cautiously.