7.16 BTC/ETH trading plan

After BTC’s daily candle surged with a volume spike to new highs on the previous day, yesterday closed with a pullback bearish candle that had a long upper wick. Bulls appear lackluster in pushing higher; volume is shrinking, and clear signs show profit-taking capital is exiting. The market has entered a high-level pullback and consolidation phase.

On the 4-hour chart, price is under pressure and falling. The MACD DIF line gradually drops below the DEA line to form a dead cross; the red histogram bars keep shrinking, and bullish momentum continues to weaken. Short-term moving averages have started to turn downward, pressuring price— the pullback trend has already taken shape.

BTC: set short positions on the rebound in the 64,800—65,300 range. First target: 63,500. Looking at 62,500.

ETH: short in the 1,920—1,950 resistance zone. First target: 1,850. Looking at 1,800.

In this short-term pullback, price swings are extremely fast. Strictly set and follow stop-losses. Don’t hold positions blindly; better to cut a small loss and exit than to get deeply trapped and stuck passively.
$BTC $ETH