7.31 Morning BTC & ETH Market Sentiment Analysis Luo Yisi Mindset
I. Overall Trend
As July comes to a close, the overall trading range continues to show high-level range-bound consolidation. The external technology sector remains continuously hot; capital rotation is obvious. The crypto market lacks incremental capital inflow, with extremely weak correlation. The rebound momentum for longs is limited. In the short term, there is no one-way trend; still, we should treat it as range-bound washing.
II. Market Sentiment Recap
Yesterday, the Fed’s hawkish afterglow kept building momentum. BTC surged and met resistance, with back-and-forth tug-of-war; overall it formed a “surge then pull back” rhythm. After short-term short positions digested part of the chips, there was a slight repair rebound in the early morning, but the strength was very weak—typical of consolidation repair, not a reversal into strength. ETH’s rhythm is even weaker; it keeps weaving back and forth in a small range, with zero continuity.
III. Market Structure Analysis
The biggest feature of the current market: traditional markets are sharply up, while crypto doesn’t move.
The heat in tech stocks absorbs the vast majority of incremental capital; BTC and ETH lack “off-market fresh funds.” Only trading turnover is happening within the market.
High-level selling pressure still exists. The earlier negative sentiment has not been fully digested. Any short-term rebound is merely a repair move—don’t misjudge it as the start of a bullish rally. Overall, the big picture remains more range-bound and weaker, with clear suppression at higher levels.
IV. Trading Suggestions
BTC
Short-term 丹丹 range: 64,600—65,100
Stop loss: above 65,200
First target: 63,500
Second target: 63,200
Long entries in the low-price zone: 63,000—63,200
If support is not broken, consider low-long for a rebound game again.
ETH
Short-term 丹丹 range: 1,925—1,950
Stop loss: above 1,940
First target: 1,885
Second target: 1,870
Long entries in the low-price zone: 1,865—1,870
If support holds, add longs again $BTC $ETH