7.27 Evening BTC Market Analysis

BTC rebound 65300-65900: place short orders in batches

Stop loss: 66300
First target: 64600
Second target: 64100

Although the daytime market saw a slight rebound, every push higher has failed to hold, indicating that sell pressure overhead remains relatively heavy and the bulls clearly lack follow-through. As trading volume gradually increases in the evening, volatility will also rise; on the short term, be alert to the risk of a pullback.

This rebound is driven more by sentiment for now; the capital that truly pushes prices higher has not continuously followed through. So at this level, it’s not recommended to blindly chase longs.

From the order book, Ethereum’s overall trend is still weaker than Bitcoin. Once Bitcoin starts to pull back, ETH will likely experience a larger downside move as well. Therefore, in the evening, wait patiently for the price to rebound to the resistance zone before considering opening a short—there’s no need to rush in; prioritize the risk-reward ratio.