7.20 midday thoughts

Big brother maintains a narrow sideways range around 64,800. The current market situation is only a technical rebound after the big move. Market trading remains sluggish, and the game between the bulls and bears has fallen into a standoff.

On the news front, the U.S. Federal Reserve has entered a silent period ahead of its interest-rate decision, and the suppressive effect from the environment has not fully disappeared. A small amount of U.S. stock funds has shifted toward the crypto sector, and geopolitical conflicts have not generated sustained safe-haven buying demand.

Technically, after the bears turned defensive, the bulls’ follow-through momentum is seriously insufficient. The 65,000 integer level has formed strong resistance pressure, and the key support below is expected to rest around 63,800. For intraday trading, prioritize a range-bound approach: when the bulls enter near the pressure area, place short-term orders for the upside and down-moves; after a pullback holds steady above the support zone, then lightly trade for multiple gains. Throughout the entire process, avoid high leverage and heavy position trading.
Big brother: do bulls near 64,200-63,900
Target: near 65,500-65,900
Second brother: do bears near 1,840-1,820
Target: near 1,900-1,930
#ETH站稳1900美元 $BTC $ETH