7.27 BTC/ETH Order Book Analysis

Direction: Push higher then pull back; prioritize rebounds being controlled

Support: Around 1950-1955, stop-loss at 1967, targets 1935/1920.

This morning, BTC/ETH surged at around 7:00, topped out at 1966, and then continued to fall. The current price is around 1946. On the 1-hour timeframe, there have been continuous bearish closes, and sell pressure above is evident. The MA30 moving average at 1932 is the key support below; if it breaks, the market will weaken further.

This leg of the rally mainly follows macro sentiment. After Iran released ceasefire signals, gold and crude oil pulled back. US stock index futures rebounded, and BTC/ETH moved together to push up. Earlier in the day, Ethereum briefly rose by more than 4%, but the momentum didn’t hold; after spiking higher, it quickly fell back. The ETF side has been performing well: BlackRock had a $81.72 million net inflow yesterday, and the overall net inflow for this week is over $80 million, indicating institutions are gradually accumulating. However, the liquidation data also points to problems: over the past 24 hours, longs were liquidated for $85.18 million. After the blow-off and stampede, the willingness to chase higher in the short term is clearly reduced, and the market has entered a consolidation/digestion phase.

The short-term resistance zone above is 1950-1955. If the rebound reaches this area but cannot break through with volume, you can consider taking a counter-position to support. On the downside, first watch 1935; if it breaks, then look at 1920.

Key range: 1935-1955$ETH #美国对60个经济体加征关税