7.8 is Wednesday—same plot, same rhythm.

**Market review:** During the day, the market fell from around 64300 to around 62600, then rebounded to around 64200.

The following is only a personal observation of the order book and chart; it is purely for technical discussion and does not constitute any investment advice:

**Macro news:** The probability that the market expects the Fed to keep interest rates unchanged in July is **77%**. Last week’s nonfarm payroll data came in unexpectedly, which was overall bullish for the market. Next, what needs to be watched is the key milestone of the US-Iran negotiations in mid-month.

**Order book/chart data:** On the daily structure, during the day it shifted from bearish to bullish, forming a **doji** candlestick. Long positions’ increment is gradually increasing. On the 4-hour timeframe, the trend is gradually moving upward, reaching near the upper band. Short positions’ increment is gradually shrinking, and on the hourly timeframe long positions’ increment continues to increase. Overall, it maintains a wide-range back-and-forth oscillation.

For the **BTC market**, watch the upper resistance around **64300**, **65500**, and **66300**. On the downside, focus on fluctuations in the **64000-62500** range.

For **market focus**, watch support at **63200**, **62500**, and **61300**. If it breaks, then focus on the **61000-60500** range—once that range breaks, attention should be on that area.

For **resistance above**, watch **1815-1835-1865**. For **support below**, watch **1780-1765-1730**.

**Trading suggestion:** Overall, the market maintains a wide-range oscillation. For BTC, the **643-625** range; for ETH, the **1810-1855** range. You can maintain the strategy of selling high and buying low. As the trend gradually runs upward, longs are dominant—longs as the main focus, shorts as the supplement. Within the range, take profits and lock them in.

This content is Zhao’s personal learning recap and review; it is purely personal market discussion and does not constitute any investment advice. Before taking any action, be sure to make plans and manage risk. View market fluctuations rationally. If you have any questions, you can consult at any time.

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