7.28 Intraday BTC/ETH Market Overview Analysis

In the intraday session, after the previous day surged to a high and topped, it saw a sharp pullback. Bear strength concentrated and released, and on the 1-hour timeframe the short-term moving averages continued to turn downward. The earlier upward-support structure was effectively broken, and the market has officially switched to a short-term weakness pattern. During the decline, volume expanded noticeably. In the small rebound phase, volume continued to shrink, and bullish follow-through was weak. The price action is in a brief post-drop consolidation and repair stage. At this stage, positioning should prioritize trend-following: set short positions in rebound resistance areas. Until there is no clear stop-the-fall signal, refrain from cautious bottom-picking, strictly control position size, and avoid going heavy against the trend.

On the 1-hour timeframe, the high of this rebound was BTC 65722.7 and ETH 1981.70. The low of this move down was BTC 63023.3 and around ETH 1850. The current price is consolidating and resting after the drop. Former support has turned into an overhead pressure zone. As long as pressure continues to hold, the downtrend is likely to continue.

ETH Key Zones
Support: First support 1858, strong support 1842
Resistance: First resistance 1892, strong resistance 1915

ETH Plan
1. Shorts: Entry range 1888-1896, stop loss 1918, first take profit 1862, second take profit 1845
2. Longs: Entry range 1840-1848, stop loss 1826, first take profit 1875, second take profit 1890

BTC Key Zones
Support: First support 62950, strong support 62380
Resistance: First resistance 63750, strong resistance 64260

BTC Plan
1. Shorts: Entry range 63680-63820, stop loss 64350, first take profit 63050, second take profit 62500
2. Longs: Entry range 62350-62480, stop loss 62000, first take profit 63200, second take profit 63600

‼️ The above content is for technical market analysis reference only and does not constitute any investment advice. Virtual currency trading is highly volatile with extremely high risk—please control position size yourself and trade cautiously.