$BTC 7.2 Midday Thoughts Sharing

The market saw a strong rally in the early session today, with the rebound reaching a key demand zone from earlier. During the session, it surged to 61102, consistent with the previously anticipated range. This resistance zone saw repeated tug-of-war between bulls and bears; multiple attempts failed to hold effectively. The bulls lack sustained incremental capital, and upward momentum is clearly insufficient. The chart hides the risk of a spike and pullback. Chasing longs blindly is not recommended; the margin for error is very low when buying at highs, and a bearish push could easily trigger a rapid plunge. Based on this resistance zone, layout short positions on the rebound, avoid the risk of sudden dumps and deep retracements, follow the trend with shorting at highs, strictly manage positions and implement risk control.

Looking at the 1-hour chart, the early session saw another short-term rally rebound. After the surge, bullish momentum quickly faded, leaving a clear long upper wick on the candlestick. The price then pulled back and entered consolidation. This upper zone is a previous dense trading resistance area. The market tested upward multiple times but never stabilized above the zone. There is a severe lack of fresh capital chasing longs on the short-term timeframe, while selling pressure continues to be released from above. A short-term spike-and-pullback signal has already emerged. Looking at the 4-hour chart, this rally is merely a corrective rebound after a major decline and has not reversed the overall weak medium-term structure. Above the market, there is strong resistance formed by a large number of previous trapped positions. The upside space for this rebound has been largely exhausted. The 4-hour cycle also encountered resistance at the corresponding pressure level and closed with a long upper wick candlestick. Major and minor cycles form a resonance suppression, making it difficult for bulls to continuously expand upside room.

Thursday Midday Trading Strategy
BTC: Short near 61000-61500, target down to 59000
ETH: Short near 1630-1650, target down to 1680