July 7 Midday BTC & ETH Analysis by Qian Cheng

Morning expectations were once again perfectly fulfilled. BTC rebounded into the 64500—65000 range and then promptly dropped back, currently reported at 63144. ETH moved in sync, slipping under pressure from above 1820, currently reported at 1771. After price precisely touched the “que” zone we marked this morning, it continued weakening along the way, and the “que head” approach remains in control of the market.

In terms of the daily structure, that morning’s rebound was pushed back before it even reached the edge of the medium- to long-term moving averages, making the bearish pattern clear at a glance. With the current candlestick closing bearish again, “duo” has almost no effective resistance, and any stop-stacking signal is nowhere to be seen. On the 4-hour timeframe, after the Bollinger Bands narrowed, they chose to open downward; price has already fallen below the middle-band support. The MACD golden cross below the zero axis failed, the red histogram bars are directly shrinking, and the fast and slow lines are turning downward again—rebound momentum has effectively run out. RSI has turned down from the neutral zone and slides lower into the weak range with no resistance, indicating that this move is only a rebound repair and that the market quickly returned to its original trend.

Trading reference:

BTC: Continue to build positions in the 63500—64000 range in the “que dan” approach. Target 62000; if there is an effective breakdown, look toward around 60500.
ETH: Short in the 1790—1810 rebound area in the “que” approach. First target 1730; if it breaks further, look toward 1680.