7.24 within the day

Yesterday, it pulled back from the highs to a low around 1,870, then rebounded slightly to the 1,870–1,890 range. This is a pullback after a strong rebound. You can see that

It did not effectively break below the mid-term long structure level of 1,870 that we mentioned. The uptrend is still in place and not a trend reversal. So yesterday’s short position was also to remind everyone to place take-profit at 1,870.

Ultra-short support: 1,868–1,875, the recent local price low and short-term moving average support. If it holds, the pullback structure remains healthy. A retest that does not break is a signal of continued bullish momentum.

Short-term support: 1,850–1,860, a downside buffer zone and a cluster of prior lows. If 1,868 is lost, this area will provide support again.

Mid-term support: 1,820–1,830, the dense zone from the past few days and a buffer area. It is the key defensive level of the mid-term long structure. If it holds, the mid-zone trend has not broken.

Short-term resistance: 1,885–1,890, the dense area of recent highs. The first resistance on the rebound; a breakout needs confirmation with increased volume.

Key resistance: 1,910–1,920, the rebound high area from the past two days. It is the moving-average pressure conversion zone from earlier.

Higher resistance: 1,930–1,946, the extension area above the prior overbought highs.

Weekly resistance: 1,968–1,990, the upper edge of the ascending channel and a major psychological level. If it breaks, it can continue to look higher.

Current situation: high-level consolidation after a strong rebound, digesting at the highs. In the short term, bias is bullish. After pulling back to 1,868, it rebounded; price tested support around 1,880. The bullish structure has not been fully destroyed.

Focus: whether 1,868–1,875 support holds or fails.

If it holds and rebounds: the pullback ends. Then look toward 1,885–1,910 for continued bullish momentum.

If it breaks down with volume at 1,868: the adjustment strength deepens, targets 1,850–1,820.

Intraday ideas:

Longs: light position long around 1,868–1,875, stop loss: 1,865, take profit: 1,882–1,890—1,910–1,920—1,930.

Shorts: near the 1,885–1,890 area, if the rebound meets resistance, light position short on the high, stop loss: above 1,895, target: 1,868–1,850$ETH #BTC break 66,000 USD