7.22 morning outlook

The cycle maintains the standard “golden cross” pattern: the two lines remain stably running above the zero axis. The “head” momentum bar continues to turn upward, and the medium- to long-term uptrend structure has not changed. However, recently the volume momentum bar is no longer expanding; the “head” upward thrust momentum gradually exhausts, and the indicators show a need for high-range dulling and consolidation adjustments.

The RSI on the short-, mid-, and long-term lines has all firmly held above the 50 strong/weak watershed. Overall, it is in a neutral-to-bullish range, with no extreme overbought. But on the short-term indicators, the upward slope is slowing down and the “head” attack strength is weakening. The market needs to digest the profit-taking volume through horizontal consolidation oscillation, waiting for the indicators to repair before moving into a clear one-direction trend.

On the daily level, the rising channel remains intact: the lows keep getting higher, and the underlying logic of the rally has not been broken. After this round surged to the phase high of 66,924.30, it closed with a long upper-shadow K-line, indicating that sell pressure above is being concentrated and realized; the “head” is entering a short-term pause and digestion period.

The current chart has not formed reversal signals such as a double top or head-and-shoulders. The big trend foundation is solid; in the short term, the market is defined as high-range consolidation and “washing” the plate.

Big brother: do long around 66,000-65,700
Target: around 67,300-67,700
Second brother: do long around 1,900-1,880
Target: around 1,980-2,010 #ETH突破1900美元 $BTC $ETH