$BTC 7.21 Midday Summary & Analysis
From the early session to midday, BTC and ETH continued a bullish structure, with overall price action rising amid consolidation. BTC surged from around 65,115, reaching a midday high of 66,378; it is currently holding near 66,268. It has effectively broken above the upper edge of the target zone of 66,000–66,300 given in yesterday’s strategy. ETH also moved higher in tandem, with a midday high of 1,953.64, followed by a slight pullback to around 1,942. It likewise broke above the lower edge of the 1,940–1,960 target zone.
Judging from volume-price alignment, during this upswing BTC’s bullish candle bodies are full, and the pullback strength is weak, indicating that active buy pressure has continued flowing in. BTC’s break above the 66,000 integer level is particularly significant—this is a key resistance-to-support flip area on the daily timeframe. Once it holds effectively, upside room will further open toward the 66,500–66,800 region. However, ETH’s rise from the morning to now is close to 60%, so there is short-term profit-taking pressure. In addition, based on the relative pricing relationship, the ETH/BTC ratio is still trending downward, suggesting capital is more inclined to chase BTC rather than ETH, and ETH is lagging in follow-through. If BTC shows a stall signal in the 66,300–66,500 area, ETH may face a deeper pullback than BTC.
The overall trend remains bullish, but the current price is already nearing the upper edge of the short-term target range, increasing the risk of chasing. In terms of execution, stick to the approach of buying on dips, and patiently wait for a price retest and support confirmation before entering.
Midday trading suggestions (buy on dips)
BTC trading strategy
Entry reference: around 65,800 - 66,100
Target reference: 66,500 - 66,800 (if there is a breakout with volume before 66,378, look toward 66,800)
Defensive reference: below 65,600
ETH trading strategy
Entry reference: around 1,920 - 1,935
Target reference: 1,960 - 1,980 (after breaking the 1,953.64 prior high, it may accelerate toward 1,965-1,980)
Defensive reference: below 1,910