7.18 BTC & ETH long-term layout

After a rally and pullback on the four-hour level, the price has continued to face downward pressure. The upper Bollinger Band forms clear resistance; sell pressure from earlier swing highs has been largely released, and short-term upside momentum has significantly weakened. The market has entered a phase of high-level pullback and consolidation.

The overall pullback has not completely broken the prior low-level rebound structure. The lower Bollinger Band has support to absorb and take over, and short-term downside should slow down, so it will not turn into a one-way large selloff. During the daytime, treat it as range-bound consolidation. Don’t chase shorts or try to bottom-fish impulsively. Wait until price reaches key positions near the upper and lower bands, then build positions in batches. Participate lightly throughout the process to avoid chaotic fluctuations caused by back-and-forth range trading and shakeouts.

Trading suggestions

BTC: 65,000-66,000, target 63,000; if it breaks down, watch 61,500

ETH: 1,900-1,950, target 1,780-1,650

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