7.15 Morning Thoughts

First, look at the 4-hour chart. Before the momentum burst, price had been oscillating back and forth within a range for a long time. The bottom support had stayed very solid. The previous big bullish candle directly broke through the top of the range, and the short-term uptrend channel was opened.
But after it pushed up to create a high point, it formed a long upper wick and pulled back; the strength of the upward move was clearly no longer enough. The sell-off orders and the piled-up supply/“sell lots” overhead are especially plentiful.

The 1-hour structure is clearer: after the rally created a new short-term high, the funds that entered to chase the move quickly decreased. Price then ground in a tight consolidation around that level for a long time; repeated attempts to squeeze out some gains couldn’t be held. The higher it went, the more the trading volume shrank. The “bull’s head” lacked follow-through, and many people took profit and exited around the high point. In the short term, further upside space for pushing higher remains limited.

For BTC, focus on the 65,700–66,200 zone for support, and the target is near 64,200–63,700.
For ETH, focus on the 1,910–1,950 zone for support, and the target is near 1,850–1,810.
$BTC $ETH #