7.28 Morning BTC/ETH Market Analysis — Shiyuan’s View


In the early stage, BTC surged to 66,928 and met resistance. The rebound lacked strength and then saw a rapid drop.
The momentum of bulls continued to weaken. Selling pressure kept releasing from above, and short-term downward momentum intensified. The rebound is only a temporary correction—do not blindly bottom-fish.

BTC
Resistance: 64,500, 65,300
Support: 63,560, 63,000

Recommendations:
Place short orders in the 64,300–64,600 rebound range. Defend 65,300. First target 63,600. If it breaks down, look for 63,000.
After a pullback near 63,000 stabilizes, consider a short-term long attempt.

ETH’s price action is highly correlated with BTC. After hitting the 1,982 high, it quickly retreated.
The bulls lack staying power—higher points gradually move down. Bear power has regained the upper hand, and it will follow BTC’s rhythm.

ETH
Resistance: 1,920, 1,960
Support: 1,860, 1,840

Recommendations:
Place short orders in the 1,910–1,930 rebound range. Defend 1,960. First target 1,860, and expect further downside toward 1,840.
If the 1,840 support holds, you can try a small-position long.
$BTC $ETH
BTC-3.07%
ETH-3.50%
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