On 7.22, the new week after yesterday saw a strong one-way surge. The weekly consolidation flat for 7 weeks was so powerful that it pushed Bitcoin up by close to $4,000; it stretched to highs around 6.7. As mentioned last time, its daily chart has continued with steady volume increases, and price will eventually start rising—it’s just a question of when it aligns with the market maker’s interests. Once that time comes, it will definitely pull up. This rebound move follows a typical range-bound upward rhythm, and it’s very unfriendly for friends holding futures positions. For friends with larger capital, I still recommend spot first, so you can capture the entire rebound cycle.

In the short term, for Bitcoin, the next pullback for long setups is to watch; around 6.52, you can go for a short long, or for spot swing trading, you can continue entering shorts/short-term trades. For Ethereum, go short around 1885 as well, and add at around 1865! If you get the chance, you can eat the move for profit!