7.27 Afternoon Bitcoin and Ethereum Market Analysis

After the price briefly rebounded to around 65,500, it came under renewed pressure and fell again, but the pullback was limited and it did not break the 64,500 short-term support level. Overall, the focus is slowly shifting upward, and the bulls are trying to regain dominance above 65,500. During the afternoon, the price pair rebounded slightly again to around 65,700, but trading volume did not increase noticeably; overall it remains mild, and there is still some short-term pressure. For ETH, the recent high is also moving up in sync, rebounding to around the 1,982 area, but sell pressure above is strong, and it quickly pulled back to around 1,970.

On BTC’s 1-hour timeframe, although the short-term trend leans bullish, you still need to watch the pressure near the upper band. If, in the short term, the bullish side cannot follow through with strong momentum or manages to hold its position, then after a long upper wick forms at this high level, under the pressure effect the price would likely pull back to around 65,000. If 65,000 breaks back down again, it may likely return to around the 64,500 area. For the short term, the bulls’ advice is to step back first, to avoid subsequent pullbacks turning into a loss of gains (a “give-back”); wait until support stabilizes before going in lightly to do bullish follow-through, so as to further look toward the resistance level at 66,000, while also keeping your own position size under control. For ETH, the sell pressure above will require even stronger bullish momentum to break through—first, watch whether the strength of the short-term rebound can continue. $ETH #ETH重返1900美元 $BTC