7.29 Morning: BTC/ETH Analysis

Overnight market movement was very light. After BTC fell from 64,804 to 63,477, it stabilized and continued ranging. Although the range is not large, the rebound rhythm during the consolidation is clear. In yesterday’s spot trading, ideas for going long and short were switched flexibly throughout the session, with no “late” hindsight. BTC managed to capture the 2,000-point space within the day.

On the daily chart, support along the lower Bollinger Band is strong. The long lower wick indicates the bulls’ counterattack strength—after the price dipped, it was quickly pulled back, and buy orders below provide solid support. In the short term, the mid-Band may exert pressure; once price holds above it, upside space will open. On the 4-hour chart, the hammer reversal pattern is clear: it retraced to test the lower band and rebounded, bearish momentum has weakened, and it keeps probing the mid-Band.

Morning plan: go long based on support
BTC: go long around 63,500, target 65,000
ETH: go long around 1,910, target 1,980
$BTC $ETH