Gu Jingci: Bitcoin/Ethereum weekly chart closes on July 12th, price action poised for a breakout.

After the weekend rally, Bitcoin/Ethereum has remained in a narrow range, consolidating at high levels. Our short positions at 64500 and 1800, which we re-established last night, have remained stagnant. The price bottomed out at 1780 and 63600 this morning before rebounding, indicating weak momentum. Despite continuous negative external factors, there has been no significant sell-off or rally, resulting in minimal volatility. Many are interpreting this as a continuation pattern, believing that the lack of a drop despite negative news indicates an impending rise. However, the current market is facing significant resistance after the recent dip, with altcoins showing little movement. This trend resembles a distribution pattern. The 4-hour chart shows range-bound trading, with recent daily highs confirming resistance near previous highs. The last two 4-hour candlesticks show slight gains but small bodies, indicating consolidation above 1800 with relatively balanced bullish and bearish forces. The 4-hour MACD indicator shows both the DIF and DEA lines above the zero line, but the DIF line is showing a downward trend, suggesting weakening short-term upward momentum. Furthermore, trading volume has shrunk significantly, especially recently, with volume far below the previous few candlesticks. This diverges from the slight price increase, suggesting a potential weakening of short-term upward momentum and a possible consolidation phase. Evening trading recommendations: Short Bitcoin around 64100, add to short position at 65000, target around 62000; Short Ethereum around 1810, add to short position at 1835, target around 1740, with further targets at 65600 and 1860.