July 13 (Monday) midday market analysis.

In the early session, BTC suddenly triggered a liquidity hunt; after the spike to 64,425 was rejected, it started to pull back. Because ETH/BTC is strengthening, BTC’s spike is amplified by ETH. This signal is the same BTC upside spike mentioned last week on the 4-hour chart, which formed a long upper wick—i.e., a good opportunity to add to short positions. BTC on the 4-hour timeframe has already broken below the key short-term level in the 63,700 area. The important support below is around 61,500—watch the strength of that support.
Note: This week still needs to focus on the intensity of the US-Iran conflict, BlackRock’s Bitcoin ETF fund inflows and outflows, and MicroStrategy’s stock price trend. These external factors remain important in interfering with the direction of the crypto market.
BTC trading suggestion: Short around 63,300–64,000, stop loss at 65,500, take profit at 62,800–61,500.
ETH: Short around 1,800–1,820, stop loss at 1,860, take profit at 1,770–1,740