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

BTC
After the 4-hour spike reached the 66,924 high, it turned and moved downward. A “sell-the-rip”/resistance pressure pattern has formed, and a pullback is underway, with the current price at 64,130. This rebound is only a technical retracement during a downtrend. Sell pressure above continues to release, and the overall short-term trend remains weak.
Resistance: 64,800, 65,500
Support: 63,800, 63,200

Suggestions:
1. Place short orders in the 64,700-64,900 rebound range. Stop loss: 65,600. First target: 63,800. If it breaks down, look toward 63,200;
2. If the 63,200-63,800 area stabilizes and a stop-loss-reversal candle forms on pullback, then you can try a small long position. Stop loss: 62,800. Target: around 64,800.

ETH
Its movement is linked to BTC. The previous high at 19,587 faced resistance and dropped; it is now at 1,861. The pullback is strong; bearish momentum has been fully released, and the short term is still in a downward correction/repair phase.
Resistance: 1,895, 1,930
Support: 1,840, 1,805

Suggestions:
1. Enter short orders on a rebound at 1,890-1,895. Stop loss: 1,930. First target: 1,840. If it breaks, look toward 1,805;
2. After the pullback stabilizes in the 1,835-1,845 zone, take a small position to go long. Stop loss: 1,800. Target: around 1,890. $BTC $ETH