7.18 early morning


During the early-morning period, BTC’s moving averages across all cycles collectively turned downward, applying layered pressure to the order book. From technicals on smaller timeframes, it’s clear that the overall market conditions are in a bearish phase. The order book has not broken out of a bottom divergence pattern, so there is no reliable signal that a bottom is stabilizing and reversing.

Even if BTC later sees a brief, small rebound, it can only be considered a technical correction within the downtrend cycle; it cannot directly reverse the overall trend at this stage. After a rebound, the odds favor returning to pressure and pulling back again. For short-term trading, it’s not advisable to blindly chase higher prices.

Recommendations
BTC: Buy at 626-631, target 640-651
ETH: Buy at 1810-1820, target 1860-1890
ETH0.88%
GT-0.14%
BTC1.73%
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