7.6 Monday Afternoon Market Outlook

We had previously forecast that the upside target for this round of rebound would be around the 63,600 area. During this push higher, the market’s high reached as high as around 63,990. The “Duo Tou” target level given in advance was smoothly achieved as scheduled.

At present, the daily chart is still holding above the daily middle band. After a period of rapid surge, the “Duo Tou” momentum clearly can’t keep up. After the highs have been completed, price action continues to roll over and drift lower, gradually moving back toward the daily middle band for consolidation and adjustment. After the short-term spike has consumed the upward strength, highs on the 15-minute and 1-hour cycles keep stepping down, and signs of short-term chart pressure are becoming increasingly obvious.

For this afternoon, the overall plan is set: rebounds “Duo” as the main focus, and the subsequent rebound is the opportunity to enter “Duo.” The resistance zone above is referenced as 63,800–64,300. When the rebound reaches this range, take “Duo” in batches. The first short-term downside target is 62,600. If price pulls back further and then holds steady after stepping down, continue to watch the lower support at 62,400. After a breakdown, continue to look toward 61,800.

Don’t blindly chase higher. This round of rebound has already played out most of its move, and what remains is the rhythm of rangebound pullback and consolidation adjustment. Be patient and wait for the points where the rebound faces pressure to take “Duo” in batches, control your position sizing to follow the trend and set up your positioning accordingly, and wait for the market to gradually retrace and come back toward the daily middle band. $BTC $ETH #Vitalik公布精简以太坊路线图