7.19 Evening Analysis:
Good evening, everyone! Let’s get straight to the point. The global stock markets are closed for the weekend, liquidity in the background is missing, and the crypto market is so quiet it’s downright infuriating. Bitcoin’s price moved all day, but it never even managed a 400-point swing—just grinding here and there. This kind of slow, dull-knife “cutting” feels exhausting.
That rebound from earlier may look decent, but everyone—don’t be fooled. The overall order book is still extremely weak. This rebound is nothing more than bears “clinging on” and trying to hold out on their last breath. Most importantly—there’s no volume at all. Without a surge supported by spot buying, it’s like a fortress built on quicksand; it could collapse at any moment.
Let’s look at the daily timeframe. Resistance above is very obvious. Combined with the external environment, as macro signals look bleak and official-style “good news” comes one after another with no real signs of stabilization and rebound, the market has already lost confidence. As the rebound momentum fades, the risk of a pullback is rapidly increasing.
On top of that, recent geopolitical tensions have stayed high and the broader backdrop keeps iterating—there’s simply no support for risk assets to really push higher. To reverse the trend directly from here would be extremely difficult.
Weekend trading plan stays the same: don’t let the small spikes inside the range fool you—this rebound is an excellent opportunity to “short.”
Follow the trend, bring your paper money, and wait patiently for short-term profits to be realized. Since weekend trading is light, everyone control your risk; don’t blindly chase after moves and “cut and iterate” impulsively.
Evening suggestions:
BTC: Near 65000-65500 to short
Target: Near 63700-63200
ETH: Near 1900-1925 to short
Target: Near 1845-1815
$BTC $ETH
Good evening, everyone! Let’s get straight to the point. The global stock markets are closed for the weekend, liquidity in the background is missing, and the crypto market is so quiet it’s downright infuriating. Bitcoin’s price moved all day, but it never even managed a 400-point swing—just grinding here and there. This kind of slow, dull-knife “cutting” feels exhausting.
That rebound from earlier may look decent, but everyone—don’t be fooled. The overall order book is still extremely weak. This rebound is nothing more than bears “clinging on” and trying to hold out on their last breath. Most importantly—there’s no volume at all. Without a surge supported by spot buying, it’s like a fortress built on quicksand; it could collapse at any moment.
Let’s look at the daily timeframe. Resistance above is very obvious. Combined with the external environment, as macro signals look bleak and official-style “good news” comes one after another with no real signs of stabilization and rebound, the market has already lost confidence. As the rebound momentum fades, the risk of a pullback is rapidly increasing.
On top of that, recent geopolitical tensions have stayed high and the broader backdrop keeps iterating—there’s simply no support for risk assets to really push higher. To reverse the trend directly from here would be extremely difficult.
Weekend trading plan stays the same: don’t let the small spikes inside the range fool you—this rebound is an excellent opportunity to “short.”
Follow the trend, bring your paper money, and wait patiently for short-term profits to be realized. Since weekend trading is light, everyone control your risk; don’t blindly chase after moves and “cut and iterate” impulsively.
Evening suggestions:
BTC: Near 65000-65500 to short
Target: Near 63700-63200
ETH: Near 1900-1925 to short
Target: Near 1845-1815
$BTC $ETH
