BREAKING: The SEC canceled Friday’s meeting at which the new regulatory proposal targeting crypto assets was set to be put to a vote. The meeting was set to address regulations that could provide crypto ventures with exemptions from certain securities rules while raising capital. The SEC attributed the decision to an “unforeseen scheduling issue.” A new meeting date has not yet been announced.$ETH

Short-term bears are still pushing hard—don’t rush to buy the dip here Continuing from my previous post, although I’m bullish on the medium-term opportunity around 62000, if you’re trading short term, now is really not the time to buy the dip. Why? Look at the 4-hour chart: the moving averages are already in a bearish alignment—EMA5, EMA10, and EMA20 are all diverging downward, while the price has been continuously suppressed by the 5-day moving average. Both MACD’s DIF and DEA are below the zero line. Although the histogram bars have shortened slightly, there is still no golden cross signal. This shows that bearish forces remain dominant and the short-term trend is still downward. My short-term strategy is clear: short the rebounds, don’t go long. The resistance zone is 63800-64000. As long as the rebound is rejected there, you can enter a small short position. Set the stop-loss above 64500, with a target of 62500, and 62000 if that level breaks. But remember, this is a short-term trade—get in and out quickly, and don’t get greedy. Market sentiment is fragile right now, and even the slightest disturbance can easily trigger sharp moves in either direction. Don’t hold the position for too long. The most important thing in short-term trading is discipline. Exit decisively when the stop-loss level is reached, and don’t hold out on hope. Many people lose money because they fail to cut losses when they should, turning a short-term trade into a long-term one and a small loss into a large loss. If you’re also trading short term, you can post your trade results on the Gate Square and see how everyone else’s views differ from yours. Remember to include the #我的七夕交易分享 topic so we can exchange ideas! #My Qixi Trading Share $ETH ‌

#BTCBigOptionsExpiryAt64K BTC and ETH are entering an important volatility window today as a large options expiry puts two key levels directly in focus. Bitcoin is trading around $63K, while Ethereum is trading around $1.87K–$1.90K. The reported options expiry has BTC max pain near $64,000 and ETH max pain around $1,900. Max pain is not a guaranteed price target, but it can become an important reference when hedging flows and concentrated options positioning influence short-term price action. For BTC, the market is currently sitting just below the $64K decision zone. BTC key levels Support: $63K → $62.6K → $60K Resistance: $64K → $65K–$65.5K → $66.7K The first bullish confirmation would be a clean reclaim of $64K followed by sustained trading above it. If buyers can push through $65K with expanding spot volume, the next important area becomes $66K–$66.7K. On the other hand, losing $63K would weaken the short-term structure. A decisive break below $62.6K, particularly with increasing sell volume, could expose the $60K region. The important issue for BTC right now is volume. Recent reporting showed spot volume falling to around $1.19B, indicating that the market has not yet produced strong confirmation behind the current price movement. A breakout without meaningful volume would therefore deserve caution. Ethereum has a slightly different setup. ETH key levels Current zone: $1.87K–$1.90K Support: $1,850 → $1,800 → $1,750 Resistance: $1,900 → $1,950 → $2,000 The $1,900 area is especially important because it is both near the current price and the reported ETH max-pain level. If ETH reclaims and holds $1,900 with stronger volume, $1,950 becomes the next area to watch, followed by the psychological $2,000 level. If ETH fails to hold $1,850, the structure becomes weaker and $1,800 could come back into focus. A deeper breakdown would shift attention toward the $1,750 area. The relationship between BTC and ETH is also important today. If BTC holds $64K while ETH reclaims $1,900, that would suggest improving risk appetite across the major crypto market. If BTC breaks below $63K and ETH loses $1,850 at the same time, the weakness would become much more significant because both major assets would be confirming the same direction. There is also an important distinction between options expiry and genuine market direction. Expiry can create short-term hedging flows, temporary price compression or sudden volatility. But once the contracts settle, the market still needs real spot demand to sustain a move. That means I would watch: Price + Spot Volume + Open Interest + Funding + Liquidity + Options Positioning A move higher with rising spot volume would be much stronger than a move driven mainly by derivatives positioning. For today, my framework is: BTC bullish: reclaim $64K → hold $64K → break $65K → target $66K–$66.7K. BTC bearish: lose $63K → break $62.6K → $60K becomes the major downside area. ETH bullish: reclaim $1,900 → hold above it → $1,950 → $2,000. ETH bearish: lose $1,850 → $1,800 → deeper weakness toward $1,750. The biggest mistake today would be assuming that the max-pain level must act as a magnet. It is simply one piece of the market structure. Liquidity, spot demand and positioning will ultimately determine whether BTC and ETH break out or break down. Today’s key levels are simple: BTC $64K and ETH $1,900. The real signal will be whether both assets can hold above those levels after the expiry-related volatility fades. $BTC ‌ $ETH ‌[@Gate_Square](gt://mention/UlVAVVpbAwsO0O0O)