Haibei Analysis: 7.1 Evening BTC/ETH Market Analysis



After the intraday rally, bullish momentum gradually weakened. The 1-hour cycle moving averages are entangled and turning downward. MA5 has crossed below MA10 and MA20, forming a short-term death cross. Rebound volume continues to shrink, and sell-off pressure is steadily releasing. The market has shifted from a bottom recovery pattern to a suppressed consolidation phase. The EIA crude oil inventory data will be released at 22:30 tonight, amplifying the risk of volatility during the data window. For evening operations, prioritize short positions on resistance rebounds, and only take small, short-term long positions near the low with quick entries and exits, avoiding long-term holding.

In the 1-hour cycle, the high of this rebound is ETH 1636.85 and BTC 60765.5, while the low of this deep pullback is ETH 1549.97 and BTC 57770. The current price is steadily trading below all short-term moving averages, with MA5, MA10, and MA20 forming a multi-layer resistance zone. The previous low serves as the short-term bull-bear dividing line for this cycle; if support is lost, it will open up new downside space.

ETH Key Levels
Support: 1560, 1550, Resistance: 1578, 1595

BTC Key Levels
Support: 58050, 57770, Resistance: 58770, 59320

ETH
1. Enter short positions in the 1576-1595 resistance range with a stop loss above 1637; first take profit on the downside at 1560, second take profit at 1550.
2. On a pullback to the 1550-1558 range, take a small long position to bet on a support bounce, enter and exit quickly, and close directly upon reaching the take profit level.

BTC
1. Enter short positions in the 58750-59320 resistance range with a stop loss above 60000; first take profit on the downside at 58050, second take profit at 57770.
2. On a pullback to the 57780-58080 range, take a small long position with a stop loss at 57600, first rebound target at 58600, second target at 58900.

‼️The above content is only a technical analysis reference and does not constitute any investment advice. Cryptocurrency trading is highly volatile and extremely risky. Please manage your positions and trade with caution.
BTC2.88%
ETH3.08%
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