7.27 Evening BTC/ETH Market Analysis Poetry Yuan Views

Market Review
After BTC surged to probe a resistance zone, it failed to gain further upward momentum. ETH also touched the high zone and was met with selling pressure, pulling back. After four hours of consecutive gains, bullish momentum gradually weakened, and the market shifted into range-bound consolidation in the high zone. The continuous push up brings pullback pressure, but the mid-term bottom support structure remains intact. Treat the short-term dip as a correction during an uptrend—don’t blindly expect a one-way selloff. The rebound in the short term has limited continuation strength, so range trading and back-and-forth are the main theme for the evening.

BTC (current 65120)
Resistance above: 65700, 66200
Support below: 64600, 64200
Recommendations:
1. For a short-term fade in the 65700-66200 range, consider short orders. Defend at 66400. Target 64800; if it breaks, look toward 64200;
2. If it holds in the 64200-64600 area and stabilizes, you may look for long entries when conditions are favorable. Defend at 63900; target the 65600 area.

ETH (current 1959)
Resistance above: 1975, 1982
Support below: 1925, 1905
Recommendations:
1. For a short-term fade in the 1975-1982 range, consider short orders. Defend at 1995. First target 1930; if it breaks down, watch 1905;
2. If it revisits and stabilizes at 1905-1925, try longs. Defend at 1890; target around 1970.$BTC $ETH