7.8 Midday Thoughts

Combining the 15-minute short-term cycle with the 4-hour level chart for an integrated analysis: This month, a sustained upswing started from the low near 57700, continuously driving higher to the phase high at 64700. Currently, the entire pull-up cycle is nearing its end, and the upward momentum has clearly begun to exhaust.

After pushing up to 64200 early this morning, the price met pressure and pulled back. It is currently consolidating narrowly around the 62500 area. At this stage, the short-term action is only a brief pause-and-repair during the decline; it cannot change the overall downward main rhythm. The 15-minute small cycle continues to show a structure of descending highs.

Today’s core idea remains focused on the “high” approach. Wait patiently for a rebound into the resistance zone, and then plan your entries/schemes:

BTC rebounds around 63300-63700 for a short; target looking at around 61800-61300
ETH rebounds around 1780-1810 for a short; target looking at around 1710-1670
#美国比特币ETF净流入4026枚BTC $BTC $ETH