7.5 Early Morning BTC/ETH Market 🍜 Analysis by Shiyuan

New high with slight pullback under pressure, bullish structure intact, short-term high-level consolidation accumulating power?!
Yesterday, BTC continued to step up from the low of 57758, hit 63450 and pulled back, forming a candle with an upper shadow. ETH simultaneously rose unilaterally from 1547 to the high of 1808 before slightly pulling back. Both on the 4-hour chart showed a pattern of rising then falling, short-term bullish momentum slightly weakened, entering a phase of high-level sideways digestion.

Today, the overall long-term bullish trend has not been broken. The slight pullback after the high is a normal repair after the rally. Short-term selling pressure is visible above, and a pullback is an opportunity to go long at low levels. Key support is at BTC 62600, ETH 1743. If support holds, the bullish pattern continues. If it breaks effectively, the retracement depth will increase. Trading should follow the trend, mainly buying on dips, and take small short positions near resistance with light positions. Strictly avoid chasing highs.

BTC -> Now 63029
Resistance: 63450, 64000, Support: 62600, 62300
ETH -> Now 1776
Resistance: 1808, 1830, Support: 1743, 1710

Trading Suggestions:
BTC
1. At 63300-63450 resistance, can take a small short position, stop loss 63600, targets 62900→62600→62300
2. On pullback to 62600-62900, if stabilizing, enter long in batches, stop loss 62200, look for a break above 63450 for further upside; do not overweight bottom-fishing if not stabilized.

ETH
1. At 1790-1808 resistance, enter short, stop loss 1815, targets 1770→1743→1710
2. On pullback above 1743 if buying support appears, enter long in batches, stop loss 1730, targets 1795-1808, hold on breakout $BTC