7.25 Early-Morning Bitcoin and Ethereum Market Analysis

Previously, after the price surged up to 66,924 and met resistance before pulling back, the seller kept probing the support area around 65,500. We also repeatedly emphasized that the risk of an underpowered rebound will keep getting bigger. Now, the 4-hour structure of the seller-side setup has been affected; the low has reached 63,666. This decline already has more than 3,000 points of room, and the downtrend is not over yet. Although ETH has fallen by a smaller amount, it keeps breaking down through support as well, and the new low is 1,846.

From the current 1-hour perspective, BTC’s lowest point has already touched near the uptrend line from 62,792. MACD is still below the zero axis and has not formed a golden cross yet, while the seller-side momentum is still steadily being released. As for KDJ, a low-level golden cross has just begun to show, so there is a short-term technical pullback and stabilization need; however, trading volume continues to contract, and the rebound strength is weak. For BTC, focus on the 64,500–65,000 pressure zone; if the previous low is broken, it will further look toward 62,700–63,000. For ETH, the seller-side momentum strength is average, so the room for a pullback is limited. On the upside, watch resistance around 1,880; if the seller-side momentum follows through with increased volume, it is around 1,820. $BTC #布伦特原油重返100美元 $ETH