7.17 morning thoughts

　　　Overnight, the overall situation was still the same as we expected. Amid excessive consolidation, the available space isn’t that large—BTC’s (the big cake) fluctuations aren’t more than a few hundred points, while ETH is even more tightly coiled. I observed for a bit and didn’t find any particularly good opportunities, so I chose to stop working and rest. The current structure is still between the box ranges, and the range has not opened. Yesterday’s basic operations didn’t have much to say—overall there wasn’t much technical content. The signals the market provided were already very clear; the main thing is to enter by following the market’s trend structure. The layouts were basically based on normal technical structure trend and candlestick patterns. When BTC went long one time and short another, it captured 1,400 points; when ETH did the same, it captured 39 points. At present, it’s still a consolidation-biased strong structure. Seize the consolidation range and actively follow it—accumulate a bit more if you can.

　　　From the current order book view, the weekly level has closed green (up). In the short term, there are signs that the pullback has been halted. On the daily level, price has recovered to around the upper band. During the consolidation phase, it keeps probing higher and testing highs. Overall, the price action shows a consolidation-with-strength bias. Even though the daily chart shows suppression signs near the upper band, it also broke through multiple layers of prior resistance earlier. So we still define this as a pullback correction within an up move. In the short term, it’s not an extremely strong one-way trend; instead, it’s a back-and-forth tug-of-war—within a consolidation correction where candles alternate between bearish and bullish. The breakout above the recent high temporarily lacks momentum, and the downside space is relatively limited. In the short term, this is a phase where it consolidates sideways to build energy before pushing again. Combined with the weekly consecutive green candles, the upward adjustment hasn’t ended yet. It’s just that if the short-term structure can’t break into a one-way move, it will enter a contraction-and-consolidation correction. But the weekly consecutive greens are definitely a strong signal. For operations going forward, the approach remains mainly to look for long entries on dips.

　　　Trading suggestions
　　　Go long BTC around 63,800—63,300, target around 65,500
　　　Go long ETH around 1,860—1,840, target 1,950