7.27 Morning Market Analysis
During the night session, the overall market structure showed a dip and then a rebound. BTC pulled back to around 64,320, found support, and is now rebounding to the 65,400 area, recovering most of the losses from the night. On the 4-hour timeframe, it formed a bullish candle with a long lower shadow, and short-term bearish momentum has somewhat weakened. ETH followed the rebound in sync: after the overnight low touched 1,878, it stabilized and started rising again. It is currently trading around 1,950. The rebound strength is slightly stronger than BTC, but overall it is still in the repair phase after the earlier downtrend.
Judging from volume and momentum, during the rebound the trading volume has not shown a clear increase, so this rebound is tentatively considered a technical corrective bounce. The resistance zone for BTC is 65,500–65,800 in the short term. For ETH, the 1,955–1,970 area has noticeable overhead sell pressure. For the early session, it is recommended to first observe whether the rebound can continue. Pay close attention to whether the key levels mentioned above can break through effectively. If price fails to regain the area with sufficient volume for a long time, be alert to the risk of a second pullback.
Trading Strategy (bias: bullish for the morning)
BTC:
Entry: Consider a light long position on a pullback within 64,800–65,000
Targets: Upside toward 65,500–66,000
Stop-loss/Defense: Place below 64,500
ETH:
Entry: Consider a light long position on a pullback within 1,920–1,930
Targets: Upside toward 1,955–1,970
Stop-loss/Defense: Place below 1,900.
For the morning, the direction is mainly to go long on dips, but the overall market is still in a range-bound repair structure. If the upper key resistance is tested multiple times and cannot be cleared, long positions should take profit in a timely manner. Be mindful of leverage control for the contracts, and for spot, consider placing limit orders in batches for dip-buying.
#BTC #ETH