7.6 Midday

In the morning session, the market initiated an upward move early on, surging to test the 639 resistance level before facing rejection. After consecutive upward pushes, short-term bullish momentum gradually weakened, and the market then entered a pullback and repair phase. The intraday low dropped to 629, but the overall pullback space was very limited, with no signs of heavy selling or deep weakness throughout, indicating insufficient short-side selling pressure.

As of the midday session, the market stabilized around the 630 level and entered a narrow sideways consolidation. From the hourly Bollinger Bands perspective, the channel openings continue to point upward, with the medium- to long-term bullish trend structure intact and no signs of any bearish reversal. This pullback from 639 to 629 is merely a routine technical correction and washout within an uptrend, and the trend direction has not reversed. The long-term bullish logic remains unchanged.

Suggestion
BTC: Long at 627-622, target 638-645
ETH: Long at 1750-1730, target 1795-1830