7.28 Tuesday night Bitcoin and Ethereum market analysis and trading suggestions

From the hourly chart, you can see that BTC, after the sharp drop earlier, has entered a phase of mild sideways consolidation and repair. At this stage, it’s not possible to conclude that the decline has ended. Before it can hold above the 63,800 resistance, there is still risk of a second test of the previous low at 62,500. Only if price regains and stays above 63,800, and fails to fall, can it be expected to stop declining in the near term, with an upside rebound toward around 64,400.

ETH’s trend is relatively stronger than BTC, with the exchange rate providing some support. The resistance to watch is 1909. If it breaks through and stabilizes, it may rebound again and test the previous high. For downside key support, watch around 1850; if this level is lost, it will further probe down to 1802.

For short-term trading, prioritize fading resistance with high-sell setups; don’t blindly “catch the bottom.” Conservative traders can also patiently wait for a key price level to break, then follow through with the trend.

BTC: around 63,800, scalp, target 62,500 → 61,800
ETH: around 1909, scalp, target 1,840 → 1,802
#USD1持币生息最高8% $BTC ‌$ETH ‌