7.22 Morning Thoughts
The four-hour chart is clearly visible. After a strong rally with five consecutive bullish candles, the market has entered a technical pullback and consolidation phase. Current price is moving along the upper Bollinger Band, and the market structure dominated by the bulls has not changed.
Overnight, price surged to test the intraday high and then pulled back slightly, but the downside room is very limited. Overall, the upward structure remains intact. There is no need to over-panic about this round of adjustment—it is a buildup action for the main players to clear floating orders before breaking through a key resistance, not a signal of trend reversal.
BTC: On pullbacks, look for stabilization in the 65,500–66,000 range to open long positions. Targets: 67,000 and 68,000.
ETH: On pullbacks, look for stabilization in the 1,880–1,910 range to open long positions. Targets: 1,950 and 2,000.
⚠️ The above is for technical analysis reference only and does not constitute investment advice. Market volatility is high—manage risk strictly and set stop-losses properly for every trade.
The four-hour chart is clearly visible. After a strong rally with five consecutive bullish candles, the market has entered a technical pullback and consolidation phase. Current price is moving along the upper Bollinger Band, and the market structure dominated by the bulls has not changed.
Overnight, price surged to test the intraday high and then pulled back slightly, but the downside room is very limited. Overall, the upward structure remains intact. There is no need to over-panic about this round of adjustment—it is a buildup action for the main players to clear floating orders before breaking through a key resistance, not a signal of trend reversal.
BTC: On pullbacks, look for stabilization in the 65,500–66,000 range to open long positions. Targets: 67,000 and 68,000.
ETH: On pullbacks, look for stabilization in the 1,880–1,910 range to open long positions. Targets: 1,950 and 2,000.
⚠️ The above is for technical analysis reference only and does not constitute investment advice. Market volatility is high—manage risk strictly and set stop-losses properly for every trade.