7.15 Wednesday Morning BTC/ETH Analysis and Trading Suggestions

Last night, due to a catalyst from the news flow, BTC surged quickly upward. We adjusted our thinking in time and followed with long positions, successfully capturing the 1,044-point range.

From the current price structure, BTC was blocked when it surged to 65,130 and then pulled back, indicating it hit the short-term ceiling. This suggests the short-term rise has been too abrupt—like a rubber band pulled to its limit—so it will most likely recoil back toward the middle. The long upper wick left on the candlestick exposes heavy sell pressure, showing that the bulls encountered a strong sell-wall resistance at the 65,130 level. This kind of rally-and-retrace is often a sign that upward momentum has exhausted. So don’t be fooled by how red and festive it looks right now. As long as it can’t effectively hold above and break the previous high, this sharp pull-up is likely a bull-trap lure that feeds the shorts. The chances of a pullback and “washout” of the order book afterward are very high.

BTC: Short around 65,200–65,500. Targets: around 64,000–63,500.
ETH: Short around 1,900. Targets: around 1,800.