7.15 Wednesday morning BTC/ETH morning outlook

Last night, market news catalysts concentrated and intensified, driving BTC to quickly strengthen and rally upward. We followed the chart’s rhythm in time and added longs with the trend, successfully capturing a profit of 1,044 points—our overall timing was completely on point.

Looking at the current chart, after BTC surged and hit 65,130, it immediately met resistance and fell back. In the short term, the upside push is clearly insufficient. This rapid spike was too fast and severely overextended; the chart already shows a clear need for an overbought pullback and correction.

The candlestick has formed a long upper wick, indicating extremely heavy sell pressure overhead. The bulls were strongly suppressed at the high around 65,130, and the “rally then fall” structure suggests that short-term bullish momentum has essentially been used up. The market currently looks slightly red and strong, but it has not effectively broken through and held above the previous high. This rapid rally is more likely a long lure and shakeout; the probability of a subsequent pullback correction is extremely high.

Short-term trading suggestions

BTC: In the 65,200–65,500 range, consider short-term longs/swing entries; targets at 64,000–63,500
ETH: Around 1,900, consider short-term longs/swing entries; targets around the 1,800 level