Gu Jingci: The 7.12 BTC/ETH weekly line is about to close—market action could be triggered at any moment

After Bitcoin/Ethereum rallied on the weekend, they have remained in a narrow-range consolidation and high-level sideways movement. Our short-sell plan we laid out again last night around the 64,500 and 1,800 zones has also stayed unchanged. After reaching a low of 1,780 and 63,600 in the early session, a rebound unfolded again, and the continuation between buyers and sellers has been weak. While external negative news keeps coming, there has been no effective sell-off or breakout rally, and volatility is not big. In this kind of situation, many people think that if bad news doesn’t drop, then it must be going up, and that a sideways consolidation is an upside continuation pattern, etc. After the current market probed down from the high, there are dense trapped positions overhead, and altcoins haven’t shown much strength either. This trend looks more like a distribution/sideways distribution pattern.
The 4-hour chart candlestick pattern shows range-bound oscillation. The recent daily high has confirmed resistance near the prior high area. The latest two 4-hour candles show a slight rise but with relatively small bodies, indicating that the market is presenting a consolidation stance above 1,800 and that buying/selling forces are relatively balanced. Technical indicators: on the 4-hour MACD, both the DIF line and DEA line are running above the zero axis. The DIF line shows a downward turn, suggesting that short-term upside momentum is weakening. Also, trading volume has clearly shrunk—especially the recent volume is far lower than that of the previous few candles. This diverges with the price’s slight rise. Be on guard for short-term upside lacking follow-through, and it may enter a period of range-bound consolidation.
Evening trading advice: For Bitcoin, short around 64,100, add to the short at 65,000, targeting around 62,000. For Ethereum, short around 1,810, add to the short at 1,835, targeting around 1,740, with #预测世界杯挪威VS英格兰 #GateUS合规扩展佛罗里达 #美股AI概念股普涨 .