7.27 Morning BTC/ETH Market Analysis Poem Yuan View

Market Review
BTC briefly dipped to 63,666 support, found footing, and bullish funds continued to flow in; price strongly rebounded and climbed above the 65,300 level. ETH followed BTC higher as well, rising from the 1,836 low all the way up to 1,953, approaching prior high resistance. Two rounds of declines fully absorbed bearish momentum, and there was sufficient demand to support the bottom.

Market Analysis
This rebound is driven by bottom-fund rotation back into the market. Short-term upside momentum is strong, but the overhead supply from the historical high zone cannot be underestimated. After continuous large bullish candles, there is a technical pullback need; chasing at higher prices carries higher risk. A reasonable retracement is the more stable opportunity. A trend reversal requires sustained confirmation by holding above the resistance zone.

BTC
Resistance: 65,900—66,900
Support: 64,700—64,200
Recommendation: Buy on the retracement in the 64,700—64,200 zone, with targets at 65,900. If it breaks through, look further toward 66,900. When first touching around 66,800, you can short-term gamble a pullback short.

ETH
Resistance: 1,960—1,967
Support: 1,910—1,890
Recommendation: Build long positions on the retracement in the 1,910—1,890 zone. The first target is 1,960; once it holds, aim to challenge the prior high at 1,967. When facing pressure around 1,965, short-term selling can be considered for a pullback. $ETH $BTC