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


BTC earlier surged to 66,924 and met resistance; it then repeatedly lost key support levels, further opening up downside space.
Bullish attack momentum continues to weaken, selling pressure continues to release; in the short term, maintain a weak bias. Any rebounds are only for short-term repair—do not blindly bottom-fish.

BTC
Resistance: 64,000, 64,500
Support: 63,020, 62,600

Recommendations:
Place short orders in the 63,700–64,000 rebound range, with a stop-loss at 64,500. First target 63,020; if it breaks down, look for 62,600.
If price pulls back near 62,600 and stabilizes, then consider a short-term long attempt.

ETH’s movement is highly correlated with BTC; after reaching the 1,982 high, it continued to fall.
The bulls lack follow-through; highs keep moving lower. Bears maintain dominance—run with the same pace as BTC.

ETH
Resistance: 1,900, 1,930
Support: 1,860, 1,840

Recommendations:
On a rebound, place short orders in the 1,890–1,910 range, with a stop-loss at 1,930. First target 1,860; continue to watch for 1,840 to the downside.
If 1,840 support holds, you may try a small long position. $BTC $ETH
BTC-2.56%
ETH-4.25%
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