7.15 Afternoon BTC/Structure Analysis

The market has continued to box-range trade for ten days, with a clear and orderly trend rhythm. Currently, the price has reached the upper boundary pressure level of the range; on the daily chart, it has repeatedly surged and hit resistance, with upside attempts repeatedly failing. Meanwhile, rebound volume and momentum have not been sustained, and the main players’ intention to push higher appears weak.

On the 4-hour chart, there have been repeated spikes up that pierce then fall back. The rebound strength continues to fade, which is a high-level “lure-then-distribute” pattern under pressure. As long as the range has not been broken, every push higher toward the upper band is a solid opportunity to short.

Trading reference:
BTC: 63000-63500 range short at the top band, target 62000-61000
ETH: 1790-1810 range short at the top band, target 1750-1730;

Reminder:
The above analysis is Muyao’s personal analysis. The market can change rapidly; the content is for reference only and does not constitute any investment advice!
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