7.1 Afternoon Market Analysis

There is always one or two winds in the world, filling my 108,000 dreams. Missing one wave of the market is fine, but you can't miss every single one, right? The midday market once again tested the 60000 level and pulled back under pressure. It's clearly as I said before that the market is oscillating within a range. The overall trend is still bearish. Since this rally failed to break higher, we can simply switch to a bearish outlook and look lower.

Looking at the current chart, the early morning dip quickly rebounded and recovered. It can be seen that some funds were stopped out near 58000, which caused the rebound to be so rapid, and there is some follow-through. But the overall trend has not changed, so the market won't change much. Just switch to a short-on-rallies strategy!

btc: short near 59500 target 58000

eth: short near 1610 target 1550
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