7.22 Wednesday early morning BTC/ETH market analysis

In the recent market, there has been a slight recovery. The BTC price has returned to the 66,000 level and is oscillating near it. The first major resistance above is concentrated around 67,000. Many people, seeing a slow rebound, are eager to go long, but I remain cautious. Even if there is a brief test of the resistance level, it is still difficult to form a meaningful breakout. At this stage, don’t blindly chase longs—be wary of a long-squeeze trap.

From the 4-hour cycle pattern, although the price is slowly rising, the upward momentum is continuously weakening, which falls into a weak rebound structure. The rebound’s continuity is poor; once the bulls’ strength is exhausted, a pullback can come at any time. As long as attempts to push upward cannot hold above the resistance, the rebound is an opportunity for the shorts to set up. The trading approach is to go with the trend and mainly take high shorts, not to bottom-pick in advance. Wait for the rebound to reach the resistance area before entering in batches—this is safer.

Overall view: leaning toward a bearish approach.
Although the price keeps rebounding, the volume/energy can’t keep up. This is a typical repair行情, not the start of a new uptrend. 67,000 is short-term strong resistance and is unlikely to be broken through in one shot. Once it faces pressure and falls back, downside room will open up.

Reference trades:
BTC: around 66,800, entry—pending. Target: 65,500-66,000
ETH: around 1,940, entry—pending. Target: 1,850-1,900

During the oscillation phase, wick spikes are frequent. All orders must strictly set stop-loss, control position sizing, and trade rationally. #BTC