7.21 Tuesday evening

Today during the day, BTC made a push and touched 65799, setting a new high in nearly a month. But it didn’t last—international crude oil sentiment and the US Treasury yield edging higher directly suppressed the bullish momentum, and the price pulled back slightly. By evening, it basically churned back and forth around 65000, with no clear direction.

To be honest, I personally think this rally is just a technical correction. The biggest flaw is that there’s simply no incremental capital coming in. The momentum for the rise mainly relies on short-term leverage liquidations concentrating and pushing the market up—more of a passive boost than real demand. As for ETH, although it ended 8 consecutive weeks of net outflows, and the past two weeks only managed a small net inflow, that volume is really just enough to hold up the current level. Trying to use it to break through the heavy pressure zone above? No chance.

Also, the BOLL Bands have tightened to an extremely narrow range, and volatility has been compressed very low, which means a breakout window is right around the corner. Tight-range consolidation can’t last forever. Next, it’s likely to pick a direction and move into a one-way trend.

Suggestions:

· BTC rally to around 66900-67400,
for targets first look at 65500-65000.
· ETH rally to around 1970-2010,
also look for entry points there, targets at 1900-1860.

The market can change anytime—watch risk management.
#ETH突破1900美元