7.8 Midday Market View

Judging from the 15-minute and 4-hour charts, since the month-beginning low of 57,700, the market has gradually moved higher. The uptrend kept pushing all the way and sprinted to the 64,700 high. The entire wave of bull-driven lifting momentum has now entered its final stretch, and the upward momentum at this stage is clearly running out.

After the early-morning spike to 64,200 met resistance and pressure, the market has pulled back and is now consolidating around 62,900. The short-term pause is only a brief stop and buffer; it cannot fundamentally reverse the overall downward rhythm. The highs on smaller timeframes keep stepping lower, and the heavy pressure zone overhead remains firmly capped.

Today’s approach remains to focus on going long the “high” (high-kong) and wait patiently for a rebound. Enter within the 63,900–64,600 range to do the “kong.” For the first target, watch the support level at 62,000. Once support is broken, the price will then follow through and probe down toward the prior low of 61,290. This rebound is only a temporary repair during the selloff; even if the rebound reaches its spot, it’s still a “kong” window. When entering, strictly control your position sizing and risk. $BTC $ETH #美终止对伊朗石油制裁豁免