7.24 Afternoon Bitcoin and Ethereum Market Analysis

From the BTC 1-hour timeframe, after yesterday broke below the 65,000-65,500 key support, there are now early signs of stabilization in the 64,500-64,600 area. The MACD histogram bars are converging, and the KDJ quickly rebounds into the overbought zone, suggesting a short-term technical pullback/repair may be needed. However, during the rebound, trading volume is shrinking and the momentum is weak; overall, it is still in the phase of a dead-cat bounce and confirmation after a sharp selloff.

Currently, BTC has rebounded above 65,500. Short-term support lies at 65,000. If that support breaks again, the downtrend will likely continue further. The current rebound trend is not yet strong enough to take control. First, look at how it handles resistance at 66,000. If the BTC price rebounds back to that level and shows a stall/consolidation signal, it may be considered to take short positions. For rebound retracements, the low-level strategy suggests taking the initiative to hold/cover first; once this round of bulls’ offensive gains momentum and breaks above 66,000 with volume, then consider whether the move will continue. ETH is following in sync: if it cannot hold above 1,900, it will also be difficult to break through the upper pressure range. $BTC #英特尔Q2营收创15年最快增速 $ETH