July 16, Thursday morning 4️⃣

After BTC surged overnight, it didn’t manage to sustain the move and extend further. It’s currently stuck in a narrow-range consolidation around the pump area. On the four-hour timeframe, volume is gradually fading, and small-cycle indicators show slight divergence signs, suggesting that short-term chase momentum is insufficient. As trading volume slowly returns during the Asia/Europe session, the market overall remains cautious. It’s expected that price action today will mainly be range-bound, with a low probability of a direct breakout. In terms of trading, it’s not advisable to be aggressive and chase; waiting for a pullback and confirmation is more solid.

Recommendations:
BTC: Buy on a pullback around 64,100–64,500.
Target 1: First look at 65,000–65,500; if there’s a breakout with volume, then look for further extension.
ETH: Wait for a pullback around 1,840–1,860.
Target: 1,900–1,930; if it breaks through the box-range resistance, then look further toward around 1,950.

Summary: Today leans more toward the rhythm of “wait for a pullback, don’t chase pumps.” Position sizing should be light—test-sized—and wait patiently for the market to present a better entry. Good luck!
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