7.25 morning 🫓 analysis

Yesterday, BTC spiked to 65,780 and ETH touched 1,909. In the short term, the rebound and repair have been completed. Bullish momentum has continued to fade; price hit the hourly Bollinger upper band and came under pressure, turning back. It then successively broke below the Bollinger middle band support, and the trend has returned to weakness. BTC’s lowest dipped to 63,666, ETH pulled back to the 1,846 low point, and then made a slight low-range consolidation and repair. Currently, the rebound strength is weak. This is merely a small rebound after a decline, and the bearish trend has not changed.

At present, BTC and ETH have briefly rebounded slightly from the low, but this is only technical consolidation after a big drop and does not indicate a reversal. On the one-hour cycle, price is steadily running below the Bollinger middle band. The upper pressure zone is clear. Each rebound has poor bullish follow-through; volume can’t keep up. In the future, the overall outlook remains bearish. Any short-term rebound is an opportunity to set up short positions at higher levels. As long as the rebound cannot hold above the middle band pressure, the bearish trend will continue, and the market is likely to test the prior lows again, or even break down further. Don’t blindly bottom-pick and chase longs—wait patiently for the rebound to face pressure before entering.

BTC around 64,500 → target 63,000
ETH short around 1,870 → target 1,800