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7.25 Morning BTC & ETH Analysis
After a rapid drop overnight, the market recovered its losses. The buy-side near the bottom is strong, and bearish momentum has weakened. Currently, it is consolidating at low levels after a big selloff, so it is not advisable to blindly chase shorts. There is short-term oversold rebound potential—wait for a pullback to support before going long.
Go long on BTC at 63,600-63,900, defend at 63,000, targets 64,600-65,000;
Go long on ETH at 1,845-1,855, defend at 1,810, targets 1,880-1,895.
$BTC $ETH