$BTC 7 July 14 Market Overview

Daily (1D):

RSI continues to rise close to overbought levels, but has not yet become seriously overheated;

OBV and the moving average system are fully bullish, with widening gaps between moving averages, indicating healthy momentum;

Structurally, we have entered the mid-late stage of a major upward trend, with slight resistance in the current area.

4-Hour (4H):

A high has formed two short-term tops, but the lows continue to rise, maintaining a bullish structure;

RSI shows signs of topping out but has not yet diverged, indicating a period of consolidation.

1-Hour (1H):

A clear HL–HH structure continues, having just completed a pullback in bullish defense;

After multiple “false breakdowns,” the subsequent reversal shows that the main force remains in control;

RSI and price are rising in sync again, with no signs of a top divergence yet.

30m & 15m:

Clearly entering a sideways consolidation box, with support each time it dips to 117,800–118,000, as the main force controls the rhythm;

RSI fluctuates between 50-60, with momentum repeatedly tested but not completely lost.

Conclusion:

Currently not suitable for trend-based short positions, as the price has not broken key levels and the structure remains intact;

We are in a horizontal digestion phase after a controlled upward movement. If volume increases and breaks 119,300 in the future, it will initiate a new round of upward movement.