After a whole day, the market action is too quiet. Overall it’s mostly range-bound and consolidating. I watched the chart for a long time, but couldn’t make a move, because it was just back and forth within a few hundred points. So this kind of rhythm doesn’t need to be rushed into trading. Entering the market is also a torment—better to calm down and do a proper review of your recent wins and losses.



After midnight, the price surge to the 66363 area hit a ceiling and then stopped. From midnight into the early morning it gradually pulled back, and now it’s running near the 66000 level.

Ethereum, however, has been moving strongly all the way, coinciding with the approach we gave. At midnight it surged and reached a highest point around 1955. Our BTC big-pie (ETH/BTC) long orders were entered around 65500 and exited around 66300—also about an eight-hundred-point range. As for ETH, just like BTC, the long position also captured more than 30 points!

BTC in the morning, pay attention to the 65500 level. Only if the 4-hour timeframe closes above this level will this pullback be considered finished. Then look for short entries again near the 67000–67500 area. If in the morning the 4-hour timeframe breaks below 65500 and the market continues downward, then look for long entries near 65000–64000–63500.

For ETH in the morning, pay attention to the 1910 level. As long as the 4-hour timeframe doesn’t break below this level, after a minor pullback it should still rebound upward. Then look for short entries again near the 1950–1980 area. Only if it breaks below 1910 will the 4-hour timeframe start to enter a pullback. Then look for long entries near 1880–1850. $BTC $ETH
ETH-1.67%
BTC-2.30%
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BlueSevenCommunity
· 07-23 01:39
By the end of the day, the market was too calm. Overall it was stuck in a sideways range with choppy consolidation. I watched the chart for a long time, but couldn’t find an entry because it was only moving back and forth by a few hundred points. In that kind of rhythm, there’s no need to rush into trading. Entering the market is also a kind of torture—better to calm down and do a proper review of your recent wins and losses.

After pushing up to the 66,363 level line in the early hours, it stopped and failed to break through. From midnight to the morning, it slowly pulled back. Now it’s running near the 66,000 level.

Ethereum, however, has been strong all the way, matching the approach we outlined: it also spiked in the middle of the night to the highest point around the 1,955 level line. Our big BTC long position entered around 65,500 and exited around 66,300—about an 800-point range. As with ETH, our ETH long also captured more than 30 points!

For BTC in the morning, watch the 65,500 area. Only if the 4-hour timeframe closes above this level can this pullback be considered over. Then look for short setups near 67,000–67,500. If in the morning the 4-hour timeframe breaks below 65,500 and the market continues downward, it may move toward 65,000–64,000–63,500.
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