7.29 Intraday Bitcoin and Ethereum Market Summary

During the day, BTC, the “big pie,” slid continuously from around 65,000 down to the 63,000 area, then entered a period of weak corrective recovery. It repeatedly fluctuated within the 63,000–63,500 range. Each time the rebound touched around 63,500, it faced selling pressure and dropped again. The highs gradually lowered, indicating that while the bulls were resisting at the time, their strength was limited. After the U.S. stock market opened in the evening, BTC first broke below 63,000 and dipped to 62,660, then surged upward with increased volume to around 63,800. Ethereum also saw modest intraday consolidation. In the evening, the pullback was slightly weaker; the low at 1,855 began to rebound and break through the 1,900 resistance level, and it is currently around 1,915.

In terms of recent news, signals of “easing relations between the U.S. and Iran” were released, which did indeed stimulate BTC to push higher with increased volume in the short term, but overall price action is still in a low range. On the 1-hour timeframe, MACD bullish momentum for BTC continues to release, but if the subsequent volume cannot be sustained to follow through and provide absorption, it will still be difficult to effectively break above the overhead pressure zone. As for KDJ, it is already in the overbought area, with upside room gradually becoming constrained; any breakout would also require stronger volume. Therefore, for the next step, BTC first needs to see whether the 63,800–64,000 pressure zone can be broken effectively to further extend the rebound trend. If volume declines and it fails under pressure, it will likely continue to look down toward around 63,000. For ETH, the overhead sell-pressure level is around 1,930, and the follow-up target is 1,880. $BTC #USD1持币生息最高8% $ETH