7.28 Afternoon BTC/ETH Analysis



After the market continued to fall, the short-selling force has basically been fully released. The downward pressure for driving prices lower has clearly weakened, and bottom support is gradually emerging. Many buy orders have started entering the market, and the chart shows signs of a rebound after the sell-off slows. In the short term, there isn’t much room for further decline; this pullback is almost over. Going forward, the strategy should remain mainly low-buy (long) positions.

Go long on BTC at 63,000-63,300, targeting around 65,000;
Go long on ETH at 18,400-1,860, targeting around 1,980.
$BTC $ETH
BTC1.77%
ETH2.13%
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