7.17 Friday ️⃣ Midday



BTC is currently holding a narrow-range consolidation in the “grease” position. In the short-term, small-level indicators have already shown a top divergence signal, the “head” momentum is clearly weakening, and the risk of chasing “grease” is increasing. During the midday session, trading is quiet; a direct push higher lacks matching funding support. More likely, price will move into a pullback-and-consolidation pattern—after clearing short-term floating positions, then look for the right opportunity to move up again. In terms of strategy, be patient and wait for a pullback to the low “grease” area; don’t chase.

Recommendations:
BTC: buy the pullback around 63,000–63,500,
Target: first look at 64,300–65,000; if there is a breakout with increased volume, then further look near 65,500.
ETH: buy on a dip around 1,820–1,840,
Target: first look at around 1,900–1,950
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ETH-2.63%
BTC-1.73%
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VWAPNavigator
· 4h ago
This analysis is spot on. I was already waiting for a pullback in the morning. BTC’s 63,000–63,500 range has a good risk-reward setup, and ETH at 1,820 is also reasonable, but you need to watch the 62,500 defense level closely—if it breaks, cut the loss.
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VaultVeteran
· 4h ago
A divergence doesn’t necessarily mean an immediate drop—it could also consolidate sideways at the highs to digest liquidity. The key is trading volume; before a breakout without volume, it’s better to stay lightly positioned and probe.
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DiamondHandQiang
· 6h ago
Wait for a pullback before entering—stay steady.
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ChanTheoryShort
· 6h ago
Bullish divergence at the top really needs to be watched out for. Chasing at higher prices is risky. Waiting until around 63,000 to enter a long position is safer.
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