$BTC 7.2 Midday Thoughts Sharing

The morning market saw a strong rally, rebounding to the key demand zone from earlier, with the price surging to 61,102 during the session, aligning with the previously anticipated range. This resistance zone has seen repeated tug-of-war between bulls and bears, with multiple attempts failing to hold steady. The bulls lack sustained incremental capital, showing clear insufficient upward momentum. The market conceals the risk of a rebound-then-retreat, so blindly chasing longs is not advisable. Chasing highs in this zone offers little room for error, and a sudden bearish push could trigger a quick plunge. Operations should rely on this resistance zone to place short positions on rebounds, avoiding the risks of sudden dumps and deep pullbacks. Trade high shorts and strictly manage positions with proper risk control.

From the 1-hour chart, the morning saw another short-lived rally, but bullish momentum quickly faded after the peak, with the K-line showing a notable long upper wick. The price then pulled back into consolidation. The zone above is a dense prior trading resistance area, where the market has repeatedly tested upward but failed to stabilize within it. Short-term chasing longs lacks incremental capital, while selling pressure from above continues to release, signaling a short-term peak followed by a decline. From the 4-hour chart, this rally is merely a corrective rebound after a major drop, not reversing the overall weak medium-term structure. Above, there is strong resistance from a large number of trapped positions from prior cycles, and the upside potential for this rebound has largely been realized. The 4-hour timeframe also shows a long upper wick K-line at the corresponding resistance level, creating a resonance suppression across major and minor cycles, making it difficult for bulls to sustain further upward expansion.

Thursday Midday Trading Strategy
BTC: Short near 61,000-61,500, target 59,000
ETH: Short near 1,630-1,650, target 1,680