7.15 Bitcoin Large Pie Morning Wrap-up

This round of the large pie (BTC) started a new strong rally from the 61806 low. After pushing up to around the 65130 area, the momentum stalled. It has since been repeatedly oscillating in the high-range, constantly struggling to hold above new highs, and the upside push from the bulls has clearly begun to run out of steam. Driven by the BTC order book, ETH also followed to surge but met resistance at higher levels; after short-term gains, there isn’t enough follow-through.

Looking at external markets, global geopolitical frictions continue to remain in a tug-of-war state. The situation keeps swinging back and forth, bringing ongoing uncertainty. Meanwhile, after inflation data was released, market expectations for monetary policy have been swinging repeatedly, making risk-market sentiment extremely sensitive. After the price rose in a continuous round earlier, a large amount of profitable positions has accumulated on the sidelines, and the willingness of funds to realize gains has been steadily increasing.

In terms of technical structure, after consecutive sharp rallies, it has entered a high-level range-bound consolidation phase. Multiple attempts to test the highs have failed to sustain a breakthrough, and overhead sell pressure is continuously building up. The bulls’ driving force is gradually weakening, while the bears are biding their time.

Trading suggestion
Sell short at 65000-65500
Target range 61000-60500$BTC #百万充值补贴 #摩根士丹利增持千枚BTC