8.04 Morning BTC & ETH Analysis | Luo Yisi’s Thoughts
Dual-coin consolidation and repair, the bullish structure remains, prioritize pullback support for low longs, and don’t chase highs.
Voyage Recap
Yesterday, BTC started rebounding from 62,268, pushed up to 64,049 before meeting resistance and falling back. The current price is 63,500. ETH moved in tandem upward, with the current price at 1,854. After a high rebound, the brief pause did not break the upward structure; in the short term, this is a benign correction.
Voyage Analysis
The rebound lifts nearby support levels, but there is overhead resistance pressure and potential sell-off, so choppy sideways trading on the board will continue. Incremental capital has not yet consistently entered; directly pushing up in one direction is difficult. The best opportunity is to wait for a pullback to the support area for positioning—aggressive chasing is likely to encounter back-and-forth “stop-hunt” needle movements.
Trading Suggestions
BTC
Place longs in the 63,000–63,300 pullback range
Stop loss at 62,400
First target 64,000, second target 64,400
ETH
Place longs in the 1,830–1,850 pullback range
Stop loss at 1,818
First target 1,900, second target 1,930
$BTC $ETH