Monday Summary, July 28 Tuesday Early-Morning Bitcoin and Ethereum Price Analysis and Trading Suggestions

Reviewing yesterday’s overall market: it swung out of an early spike and then pulled back. After #直通IPO第二期JerseyMikes completed a full round of hands being exchanged, the market entered a short-term correction phase under heavy pressure at the highs. Big cake started to push up first in the morning, reaching a high near 65722 in the afternoon. Ethereum rose in sync to as high as 1982, repeatedly testing the key resistance zone above, but it failed to hold. After the pressure built up, bullish momentum gradually weakened; in the evening it dropped quickly, with the low touching around 64374, followed by a small rebound.
Today’s overall approach is firmly bullish, with no frequent switching of directions. $BTC stayed consistently bullish throughout the day: big cake recorded a total gain of 1921 points, while Ethereum simultaneously took 69 points. Take action according to the trend—don’t chase the highs blindly, find the key levels, and lock in the gains steadily.

From the current chart, big cake has repeatedly failed to break through resistance at the higher levels; the subsequent pullback under pressure also falls within a normal technical retracement range. Moreover, after this retracement confirmed support, it has rebounded and is currently running above the 64600 support level. After the consolidation ends, there is still the possibility of another push higher. On the 4-hour level: after the spike, a long upper-wick candle formed; during the pullback, price retreated toward the mid-band and nearby area. Short-term pressure signals have appeared, but it has not effectively broken the key support. The lower support remains valid—watch for stop-loss/turnaround signals after the retracement. On the 1-hour level: after a false breakdown of the 64600 support, there was a brief consolidation, then it rebounded quickly and regained control. It is now trading back within the 65700-64600 ranging zone.
Last night’s strategy was also clearly advised not to chase blindly, and to watch whether price stabilizes below. Going forward, we still look for a bullish rebound to challenge resistance levels and the prior high.
Big cake: Long near 64600, target 65700 → 66924
Alt cake: Long near 1930, target 1982 → 2000
$ETH ‌ ‌