7.24 Morning BTC/ETH Market Analysis — Shiyuan’s View

BTC
On the 4-hour timeframe, price surged to a high at 66,924, then continued to fall. At this stage, there is a modest rebound and pullback repair; the decline brought by profit-taking exiting at the highs has not been reversed. This rebound is a technical dead-cat bounce within the broader downtrend, and sell pressure overhead remains heavy.
Resistance: 65,500, 66,100; Support: 64,500, 63,800

Suggestions:
1. If the rebound reaches the 65,400-65,600 range, place short orders; stop loss 66,150. Primary target 64,500; if it breaks down, look toward 63,800;
2. If price retraces to the 64,400-64,600 range and prints a stop-decline candle, then you may try a small long position. Stop loss 63,700; target around 65,400.

ETH
The trend is highly correlated with BTC. The earlier high at 1,958.75 saw a sharp drop; the current price is 1,877.37. The pullback is stronger than BTC’s, with shorts releasing more fully, and the short-term weak pattern is clear.

Resistance: 1,905, 1,930; Support: 1,860, 1,835
Suggestions:
1. Enter short positions on a rebound into the 1,900-1,910 range; stop loss 1,935. First target 1,860; if it breaks below, look toward 1,835;
2. After pullback to 1,855-1,865 finds support and stabilizes, take a small long position; stop loss 1,830; target around 1,900. $BTC $ETH