7.1 Noon

This morning, the market went through a rollercoaster, forming a standard inverted V reversal pattern. After rising to a stage high, the market encountered strong resistance and turned down ↓, breaking through short-term key support with consecutive bearish candles. The K-lines generally show long upper shadows, clearly reflecting a concentrated release of selling pressure at high levels. The momentum of bullish attacks has noticeably weakened ↓, and the short-term trend has shifted from strong to weak.

The current market shows prominent characteristics of high-level stagnation, with ample downward momentum ↓. The small rebound at this stage is merely a technical repair, not a sign of trend reversal. Overall market sentiment is ↓, with a large amount of trapped筹码 accumulating above, limiting upward ↑ space.

Suggestions
BTC: 5.92-5.96 short, target 5.82-5.75
ETH: 1585-1592 short, target 1555-1530