7.13 BTC/ETH market strategy

As scheduled, weekend trading continued to maintain range-bound back-and-forth oscillations, with bulls and bears repeatedly tugging. Last week’s short-term swing highs and lows were accurately captured, and profits from the back-and-forth ranges were successfully realized. The current market has not shown any trend change: after price failed to break higher, it once again entered a low-volume consolidation. The overall trading range continues to narrow, and the breakout window is concentrated on Monday and Tuesday.

On the weekly level, after a round of deep pullback, consecutive bullish closes have appeared. The short-term buildup and consolidation phase has likely ended. Frequent probing with long lower wicks has provided strong support for bullish momentum, and the next move will most likely see a second attempt to push higher. The daily lows are gradually rising, forming a continuation consolidation platform. After the sideways oscillation finishes, the second upswing phase is about to begin. The market’s path is expected to be an upward consolidation with pullbacks only as brief pauses that will not change the overall uptrend. Therefore, at this stage, the focus remains on going long from lower levels.

BTC
Buy in batches on dips in the 63,200-63,700 range, move the stop-loss down. First target: 64,500, second target: 65,500.

ETH
Go long on the pullback in the 1,770-1,790 zone; target around 1,850.
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