7.24 early-morning BTC/ETH market analysis — Shiyuan’s view

BTC
On the 4-hour timeframe, after reaching the high point 66,924, BTC saw consecutive bearish candles and continued to fall. The current price is 64,731. Profit-taking positions from the high level have clustered and exited, and short-term bears have taken the initiative. The uptrend has entered a deep pullback phase.
Resistance: 65,500, 66,000; Support: 64,200, 63,500

Suggestions:
1. If it rebounds to the 65,400-65,600 range, consider going short. Set stop-loss at 66,050. The first target is 64,200. If support breaks, continue to look toward 63,500;
2. On the first pullback to the 64,100-64,300 range, if the K-line forms a stop-the-fall pattern, you can try a small-lot long. Set stop-loss at 63,450, target around 65,300.

ETH
ETH weakens in line with BTC. After a quick drop from the high at 1,958, it is now at 1,887. Volatility is higher than BTC, and the bears have released more aggressively.
Resistance: 1,915, 1,935; Support: 1,870, 1,845

Suggestions:
1. Plan short positions on rebounds to the 1,910-1,930 range. Set stop-loss at 1,940. The primary target is 1,870; if it breaks, look toward 1,845;
2. If it falls to 1,865-1,875 and stabilizes, then buy with a light position. Set stop-loss at 1,840, target around 1,910. $BTC $ETH