7.16 Wednesday 4️⃣ early morning

BTC is currently holding in a narrow range, with trading volume gradually decreasing. In the short-term cycle, indicators have begun to show signs of a top divergence. During the early-morning hours, liquidity is thin; any attempt to push upward lacks incremental follow-through, so the probability of a direct breakout is not high. Instead, the chance of a pullback to retest and confirm support is higher, but you must also watch out for repeated needle-like wick movements to shake out the market.

Suggestions:
BTC: Wait for a pullback to around 64,200–64,500 to defend. Target: around 65,000–65,500.
ETH: Pull back to around 1,830–1,850 to defend.
Target: around 1,890–1,930.

Risk-control key points: Early-morning fluctuations can amplify, so it’s necessary to reduce position size. Each entry must have a stop-loss placed correctly; don’t hold through it. If the pullback fails to break support, hold. If there is a breakout with big volume surging up, give up chasing and wait for the pullback to enter again.

Teacher Gu reminds: In a ranging market, patience matters more than boldness. Execute according to plan; take full responsibility for your helmet.
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