7.23 Afternoon Bitcoin and Ethereum Market Analysis

The price comparison started thinning out in the morning, drifting lower in small bearish candles from around 66,300 to the current level near 65,600. Overall, the fluctuation range is still not large—the market is stuck in this band, neither moving up nor down. Although “Eth” is currently seeing only a limited pullback, it is still in a short-term downward drift and repair phase, basically trading around 1,925. As for BTC, it still hasn’t shown any strong momentum to test resistance to the upside. Instead, “pumping down” is repeatedly wearing away at the support level, which is definitely unfavorable in the long run. Sustained gains rely on long-term holding; any momentary wins or losses are just fleeting fragments. Keep your own pace steady and there’s no need to compare with others’ progress.

In plain terms, the market is still waiting, and there’s not much difference from yesterday afternoon. BTC has been grinding at this level for almost a day now—neither going up nor down. Both the “long” and “short” sides have stopped “fighting,” and the market has entered a stalemate. The current MACD dead cross’s downward slope is slowing, and the KDJ has already been driven into the oversold zone. On smaller timeframes, the technical bounce demand is building up, but it just lacks a trigger point. The price action has become extremely compressed, and the window for a breakout is getting closer—so it remains to be seen who makes the first move. A high-volume bullish candle near 65,700 could be used to take a light long; the short-term stop-loss is around 65,300, with targets at 66,200–66,500. “Eth” should also follow with a short pullback; the stop-loss is still placed around 1,900, and the short-term target is 1,945. #特斯拉持有11509枚BTC近四年未动 $BTC