7.24 Morning Analysis

Before you know it, it’s already Friday again, brothers. I’m sure this week’s market action has ground everyone’s mindset down quite a bit. The more it gets like this, the more you need to stay steady. From midnight to the morning, the chart basically spent the time in a grinding, frustrating range-bound consolidation. After a slight pull-up in the morning, it then fell into sideways movement, without making any big move. At the moment, BTC is hovering around 65,000, and Ethereum is around 1,880. Don’t let this dull, slow rhythm shake you off. Our bullish thinking for the short and medium term remains unchanged, and the relative price is always likely to regain strength and rebound again. Honestly, everyone understands this kind of market, but people themselves don’t have a clear direction—if you’re not firm, you’ll just end up following the crowd.

The weekly and daily charts haven’t changed much. Overall, it still stays within an upward channel. On the daily timeframe, although it continues to close in red and has formed a two-day consecutive bearish pattern, the rebound still has touched near the upper band, which indicates there’s still room above. The “pan” is only back in the usual adjustment phase. The four-hour timeframe also shows consecutive bearish momentum and a downward trend: it directly broke through the middle band and even briefly pierced the lower band. Although it later made a small rebound and started running back above the lower band, this kind of clear weakening in structure and rhythm often reflects the release of bearish sentiment, building energy for the next reversal. We shouldn’t be scared off by the consecutive red candles in front of us; instead, we should use this adjustment phase and keep prioritizing buying on pullbacks. The more the moment looks like it’s weakening, the more patience you need to wait for signals that the bottom is stabilizing—go long on dips and welcome the upcoming rebound.

BTC around 65,000 can be bought, first target 66,500
ETH around 1,880 can be bought, first target 1,950#比特币