7.28 BTC/ETH Morning Analysis



The overall market turns weak across the board. BTC briefly starts a pullback, with a 24-hour drop of 2.24%. The rebound momentum from the previous phase has been fully used up. The strength of long-side support continues to weaken, and the market moves into a downward correction phase.

Follow the trend first—go short on rallies, and don’t try to bottom-fish against the trend for a rebound. Place short positions in batches as the rebound approaches resistance zones; if the price effectively breaks below 63,000, further downside room will open up.

Trading reference
BTC: Sell on rallies at 64,200-64,500, target 63,200; if it breaks through, look for 62,600

ETH: Sell on rallies at 1,880-1,890, target 1,860; if it breaks through, look for 1,830
$BTC $ETH
BTC1.77%
ETH2.13%
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