7.24 evening intraday BTC/ETH market-wide chart analysis

After the intraday rally surged to and touched the phase high point, bullish momentum continued to weaken. The market then shifted into a continuous pullback trend. On the 1-hour timeframe, the moving averages gradually turned downward to press on the candlesticks. The rebound strength remained consistently weak; during the pullback/absorption phase, trading volume shrank. As the decline progressed, sell pressure kept being released, and overall the market is in a weak consolidation pattern of “pulling back from the highs.” At this stage, the layout approach prioritizes taking shorts in line with the trend: place short positions when price rebounds into the overhead resistance zone. After key support holds at the bottom, try long positions with a light position size, while avoiding heavy long-term one-way holdings.

On the 1-hour timeframe, the peak of this round’s rebound was ETH 1956.81 and BTC 66,932.3; the low point of this deep pullback was ETH 1841.64 and BTC 63,727.8. Current price continues to fall as it repairs downward. The prior low is an important medium-term support; once support is effectively broken, the room for further pullback will expand.

ETH key ranges:
Support: first support 1864, strong support 1841
Resistance: first resistance 1890, strong resistance 1915

ETH layout:
1. Short: entry range 1885-1900, stop loss 1920, first take profit 1864, second take profit 1845
2. Long: entry range 1842-1855, stop loss 1828, first take profit 1875, second take profit 1892

BTC key ranges:
Support: first support 64,360, strong support 63,728
Resistance: first resistance 65,300, strong resistance 66,100

BTC layout:
1. Short: entry range 65,200-65,400, stop loss 66,050, first take profit 64,400, second take profit 63,750
2. Long: entry range 63,750-64,000, stop loss 63,400, first take profit 64,900, second take profit 65,350

‼️ The above is for technical market analysis reference only and does not constitute any investment advice. Virtual currency trading is highly volatile and carries extremely high risk—please manage your position size yourself and trade cautiously.