7.23 THENA evening market analysis



After a dual-coin push higher on the 4-hour cycle, the market stalled at high levels and then kept dropping under pressure. Bullish momentum gradually drained, and capital began showing outflow signals. The market has entered a high-level pullback phase. In the short term, prioritize waiting for rebounds to sell on resistance; as long as the key support below has not been broken effectively, do not blindly chase shorts. Keep a strict stop-loss and guard against short-term rebound recovery.

The overall 4-hour upward momentum has slowed, with highs gradually moving lower. The near-term market is weak; the approach should focus on selling short on rebounds rather than being overly aggressive chasing shorts.

BTC
Support: 65313, 65000
Resistance: 66000, 66363
Trade: On rebounds, lightly short in the 65900-66100 range. Stop loss above 66400. Target 65313. If 65313 is broken effectively, continue to look lower. If the price reclaims and stands above 66400, abandon the short idea.

ETH
Support: 1911, 1890
Resistance: 1940, 1958.75
Trade: Place shorts around 1930 on the rebound. Stop loss above 1942. Target 1911-1895. If BTC keeps weakening, ETH will likely follow; if 1942 holds, exit the short position.
#BTC#ETH
BTC-2.18%
ETH-2.01%
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