$BTC 7.10 evening trading plan sharing

From the 1-hour chart, the price has held steady around the 64,000 level. After midday, it has hovered and consolidated for a long time in this area, with an overall low-volume state. Incremental funds have not been enough to enter, so upside momentum is weak. The candlesticks have repeatedly closed with upper wicks, and overhead pressure is very obvious. Although the MACD indicator on the hourly chart remains in the bullish zone, the red bars are gradually slowing down, and upward momentum is starting to fade. The suppression caused by the previous triple top is still in effect; the market is just stalling sideways, and the bears have not yet released concentrated power.

Switching to the 4-hour cycle, the MACD has only just been repaired and lifted, but it has not formed a strong bullish breakout pattern. Currently, the price is nearing the historical high around 64,691. If tonight breaks out above 64,691 with volume and holds above it, then the 4-hour bullish side will open further room; at that time, we will adjust the short-term approach to look for a pullback and buy the dip. If it still cannot break the previous high for a long time, then after the sideways consolidation, the probability of a pullback is extremely high. Most market participants are watching the 65,500 level and expecting an upside move of 1,000 points. But once it falls back to 61,300, the downside room is sufficient, and the overall risk-reward ratio is not favorable. Overall: in a low-volume environment, be cautious about chasing longs. Overhead sell pressure is heavy, and before there is a volume-backed breakout, you still must not blindly turn bullish.

Friday evening trading strategy
BTC: Sell around 64,300–64,800, target 61,500
ETH: Sell around 1,800–1,810, target 1,720