The weekend market wrapped up smoothly, with BTC closing the weekly chart in the green again, achieving four consecutive green weekly closes.

Looking back at the entire month of July, the market has almost consistently maintained a pattern of oscillating upward. From the monthly chart perspective, July has become a relatively standard rebound market. Despite the still complex external macro environment, with high interest rates and geopolitical risks persisting, the market, after undergoing sufficient adjustment, gradually confirms the multi-year cycle bottom, and the bullish structure remains intact.

Currently, there is only one week left in the July monthly closing, and based on the current structure, the rebound logic still dominates. The adjustment window that truly needs to be wary may more likely appear at the end of the month during the transition to the new month.

This week, the market will also encounter several major macro events, and volatility is expected to increase significantly:

• Monday: The market will most likely continue the oscillating recovery rhythm;

• Wednesday: FOMC interest rate decision and Fed statement may become the most critical directional choice window this month;

• Thursday: The publication of U.S. GDP and core PCE data will further influence market expectations for subsequent monetary policy.

For trading, this week we should not only focus on technical patterns but also pay attention to the catalytic effect of macro news on market sentiment.

₿ Bitcoin (BTC)

Viewpoint: Shorting high and longing low, mainly focusing on long opportunities after pullbacks, and watching for this week's rebound opportunities.

From a short-term perspective, after last night's surge, there has been a certain pullback demand at the 1-hour and 2-hour levels, hence Monday's market is more likely to engage in a repetitive tug-of-war around high levels, rather than directly move up unilaterally.

However, this short-term pullback is more about rhythm repair in the upward process and does not mean that the rebound structure on the weekly and monthly charts has ended.

If today can achieve a sufficient pullback and stabilize within key support areas, there are still opportunities to focus on low-level long positions.

From the current structure perspective:

• Short-term there is a pullback repair demand;

• Weekly and monthly charts still maintain a rebound trend;

• This week, the market still has the possibility of continuing to rise and even showing a rebound rally.

What needs to be emphasized is that there are many macro events in the latter half of this week, and market volatility may significantly amplify before and after the FOMC announcement, so position management and risk control will be more important than directional judgment.

The overall approach still suggests maintaining:

• Focus on support areas for pullbacks, and pay attention to low long opportunities after stabilization;

• As the rebound approaches resistance areas, do not blindly chase high prices; it is advisable to take profits at higher points;

• Wait for the market to provide new directional confirmation after the FOMC.

Key Position Reference

Support: 64500-64950-63800

Resistance: 66200-65600

Tencent Meeting 24-hour live room: 901-588-1279

Aicoin group chat, search for Huying Community or click the group link to join: https://www.aicoin.com/link/chat?cid=onjrNpKn6

This article is originally published by 【Huying Community】 and only represents personal views. Due to the inherent delay in information transmission, the content is for reference only and does not constitute any investment advice; please make rational judgments and operate cautiously.
If you need to obtain daily, more timely market analysis and strategy ideas, feel free to add Safew's contact information, or add three lines: HYSQks888, to join the group for free learning.
The community has 15 professional analysts monitoring the market live all day. Here you can not only learn technical analysis methods in practical situations but also systematically understand the ideas for getting out of positions and the risk control system.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。