7.19 Jinglu Weekly Summary (7.13-7.19)

This week, BTC largely played out a wide “roller coaster” pattern: first probing the bottom with a deep selloff, then a violent pump to a high, followed by high-level consolidation with stalled gains in the second half. The full-week price range was 61,826—64,832, with intense long-vs-short battles and maximum volatility.

At the start of the week, the market opened under pressure and moved downward. As offshore risk appetite cooled and geopolitical headlines triggered linked selling pressure, price quickly slid to the 61,826 low. Short positions concentrated and released aggressively; a large number of low-level short orders hit stop-losses. Dip-buying funds began gradually stepping in to absorb, and the downward momentum rapidly exhausted.

Then the trend reversed and began to repair. Supported by short-term safe-haven buying driven by external news, long capital gathered strength and pushed through in a series of continuous stepwise rallies, breaking multiple layers of resistance in succession. Midweek, it peaked near 65,600. On the short-term, the breakout momentum was strong; the derivatives market saw large-scale short liquidation (shorts getting wiped), and bullish sentiment in the market reached its peak.

After topping out, long momentum quickly overspent. The suppressive effect of the overhead resistance zone became prominent. In the second half of the week, the market fully switched to a high-level consolidation pattern, with price oscillating within 63,850-64,832. Each time there was a modest push higher, profit-taking sell pressure surged; rebound continuity was extremely weak. During the pullback, lower support absorption was adequate, and there was no deep retracement.

From the screen indicators: after the high, the 1-hour and 4-hour KDJ kept entering the overbought zone, and turn-down signals began to appear. MACD bullish momentum continued to contract, while trading volume shrank in tandem, and upside driving power kept fading. The week’s structure consists of three segments: one-way decline at the beginning of the week, a strong rebound in the middle, and a “grinding mill” at high levels in the second half. Profit-taking longs piled up at the highs, and short-term adjustment demand accumulated gradually.

Next week, we still look bearish
BTC target range: 61,000-60,500

ETH target range: 1,700-1,750$BTC $ETH #USDT充值理财双重奏 #ETH站稳1900美元