7.2 Bitcoin & Ethereum Midday Outlook Analysis — Short at Highs

In the morning, the market first saw a drop, followed by a strong, one-way rally. Bullish momentum was released aggressively. However, as prices were pushed up quickly and the slope of the rise became too steep, there have been clear signs of sluggishness at the highs. The current market is shifting from a one-way rally to high-level consolidation; resistance has appeared overhead, and short-term profit-taking sell pressure is gradually getting heavier.

After the emotional peak, we are in a cooling-off period—this is a typical window for shorting at highs. In a short time, the excessive surge comes with a strong need for pullback and correction. Indicators have been blunted while overbought, and the price shows fatigue when attempting to hit the high point. At this time, you should not chase the rally. Be alert to signals that lure buyers, and follow the pullback logic to trade for short-term rebound repair near resistance levels.

Trading recommendations:
For Bitcoin, if it rebounds to 61000-61400, set up short positions in batches. Place the stop loss near 61800, and look for targets of 60200-59700 in sequence.

For Ethereum, if it rebounds to 1645-1665, set up short positions in batches. Place the stop loss near 1680, and look for targets of 1615-1590#Circle股价重挫17% #Strategy拟回购股票 in sequence.