7.27 Monday midday market analysis. BTC After pushing up to a high of 65555, it came under pressure and fell back; ETH its highest reached 1966 and met resistance at the same time. On the 15-minute timeframe, the price retraced to test the short-term moving averages. This is normal profit-taking consolidation and position-flushing after a big rally.

The overall moving-average system still remains arranged upward. The Bollinger Bands’ channel is broadly opening upward. The multi-bull trend structure on higher timeframes has not been broken. At this stage, it is only a pause during the upswing, not a trend reversal into a downtrend. In the short term, the market is ranging to digest selling pressure; chasing shorts or trying to catch the bottom blindly is not advisable. Pay attention to this Wednesday’s monetary policy meeting; news such as the 10-day ceasefire agreement could lead to huge fluctuations! BTC trading suggestion: short around 65500; add to the position at 66200; stop-loss at 67000; take-profit at 64800–63500. ETH trading suggestion: short around 1960; add to the position at 2000; stop-loss at 2040; take-profit at 1920–1860