July 20 Market Analysis: Weekly pressure remains unbroken, the oscillating pattern continues, high short and low long remain the main strategy

Good morning everyone, it is now 9:30 AM on July 20, 2026. Let’s take a look at this week’s market trends and the trading strategies going forward.

From the weekly candlestick chart, the overall trend still aligns with our weekend judgment. The current price is still constrained by the strong pressure around 65700, ultimately closing with a small bullish candlestick without forming a true breakthrough. This indicates that although bulls still have the desire to push higher, selling pressure remains evident above, making the area around 65700 a key pressure zone to focus on this week.

In terms of moving averages, the current MA support level is around 63200. If the price attempts to rise again to the 65700 to 65900 area and faces a downturn, the likelihood of a subsequent pullback to around 63200 remains high, which is consistent with the expectations we provided over the weekend. At that time, we mentioned that after the price touches near 65000, a technical pullback will likely occur, and the market is still operating according to this rhythm.

Looking at the 4-hour level, the overall structure is still maintaining an upward trend. After stabilizing and rebounding from around 61600, the price has successively risen to around 62000 and 62700, forming a clear “higher bottoms” structure, indicating that the short-term bulls have not completely weakened. However, it is important to note that an upward trend does not mean the market will rise unceasingly; each attack on key pressure levels may be accompanied by significant pullbacks.

If this round of market continues to seek higher near 65900, it is still necessary to remain alert to the possibility of a pullback after hitting new highs. First, focus on support around 63800 and then closely observe whether the 63300 area can stabilize. If the 63000 line can effectively hold, then there is still an opportunity for the market to launch another upward attack, re-challenging 65500 or even higher levels.

Therefore, the overall strategy this week remains unchanged, treating it as an oscillating market, with high short and low long still being the trading strategy with a relatively high success rate. Avoid blindly chasing the trend but rather seek opportunities at key support and pressure areas.

Trading Strategy Reference

BTC:
Gradually build short positions in the 65000—65500 area, focusing on targets around 63200—63000, with an expected profit range of around 1000—1500 points. If after the pullback the price stabilizes around 63000, then look for low-position long opportunities to continue participating in the range oscillation.

ETH:
Consider building short positions in the 1899—1920 area, with target attention focused around 1830—1840. This position is both an important support formed by last week's doji and a previous low point area, providing certain technical reference value.

Gold:
The overall structure of gold remains bearish, with the price rising to around 4030 and then retreating, keeping the bearish pattern intact. This week, we continue to maintain a bearish outlook, with key targets around 3920-3930.

Overall, this week’s market is highly likely to maintain range oscillations. Without breaking through 65700, it is unwise to blindly favor longs; similarly, as long as the support around 63000 holds, it is not recommended to excessively pursue shorts. Following the established rhythm, high short and low long, trading in the direction of the trend, and patiently waiting for opportunities at key positions is easier to grasp profits than frequently chasing trends.

Trading is never about who takes action more often, but about who is more patient. Make a plan, execute it strictly, and leave the rest to the market.

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