BTC/ETH market overview analysis for 7.24

After pushing higher and setting a local high, bullish momentum kept weakening. On the 1-hour cycle, moving averages turned downward and formed bearish pressure. The price action has unfolded a consistent pullback pattern. During the decline, sell pressure continued to release; a small rebound lacked sufficient volume. Overall, the market is in a weak correction regime characterized by a pullback from the highs. Current trading should focus on range swing trades: place short orders lightly with priority near overhead resistance; after a pullback confirms the key support and signals stabilization, look to test longs. Do not hold oversized one-way positions.

On the 1-hour cycle, the rebound high in this round was ETH 1955.68, BTC 66926.1. The deep pullback low in this round was ETH 1841.71, BTC 63729.3. The current price continues to follow the downward repair pace. The prior swing-low support is the core watershed for determining the market’s strength or weakness; an effective breakdown would further expand the room for the pullback.

ETH key zones
Support: 1850, strong support 1842
Resistance: 1890, strong resistance 1915

ETH setup
1. Short: entry range 1885-1900, stop loss 1920, first take profit 1860, second take profit 1845
2. Long: entry range 1842-1855, stop loss 1828, first take profit 1875, second take profit 1892

BTC key zones
Support: 64400, strong support 63730
Resistance: 65400, strong resistance 66000

BTC setup
1. Short: entry range 65300-65500, stop loss 66050, first take profit 64700, second take profit 64450
2. Long: entry range 64350-64550, stop loss 64000, first take profit 65100, second take profit 65450

‼️The above is for technical chart analysis reference only and does not constitute any investment advice. Virtual crypto assets are highly volatile and carry extremely high risk—please manage your position size yourself and trade cautiously.