7.8 Bitcoin and Ethereum Morning Strategy

Last night, the overall trend showed a spike and then a pullback. Bitcoin dropped to around 63,177, while Ethereum touched the 1,764 level. Bitcoin's short-term move gave nearly a thousand points of space, and Ethereum also had over 40 points. The current rhythm remains the same: do not blindly chase longs due to a rebound, and wait for an ideal position to go short. Under the volatile pattern, timing for entries is particularly crucial, which is distinctly different from trending markets. The market is still in an adjustment signal phase; after sufficient adjustment, we remain bullish on continued upward momentum.

From a technical structure perspective, the weekly level view remains unchanged. It is still presenting a doji adjustment pattern. On the larger cycle, repeated back-and-forth can be defined as a bullish accumulation and preparation phase. Although there is a pullback, it does not change the short-term upward trend. However, consecutive rebounds have consumed considerable bullish momentum, and after exhaustion, it naturally tends to enter a correction. At the beginning of the week, continue to reference the time cycle and treat it as a correction consolidation; the smaller cycle has entered an adjustment rhythm, and the overall structure is a range-bound consolidation. The current price is at a relatively low level. The strategy is still to buy on dips, focusing on whether key resistance levels can be broken to determine the subsequent adjustment space.

Trading Strategy

Bitcoin: Long around 63,000-63,300, target around 64,500-65,000

Ethereum: Long around 1,760-1,740, target around 1,850-1,870#比特币 $BTC $ETH $BTC