$BTC 7.2 Midday Trading Insights



The market surged strongly in early trading today, rebounding to a key demand zone from the previous period, with prices reaching 61102 during the session, consistent with our earlier forecast. This resistance zone has seen repeated tug-of-war between bulls and bears; multiple attempts failed to hold steady above it, with bulls lacking sustained incremental capital and showing clear signs of insufficient upward momentum. The market harbors the risk of a spike and pullback, so chasing long positions blindly is not recommended. The margin for error in chasing highs is very low, and a bearish breakout could trigger a rapid sell-off. Trading should focus on short positions from this resistance zone during the rebound, avoiding sudden sell-offs and deep pullbacks, while strictly managing positions and risk control.

On the 1-hour chart, an early short-term surge and rebound saw bullish momentum quickly fade, leaving a long upper wick on the candle. Prices subsequently pulled back and entered a consolidation phase. The zone above is a dense resistance area formed by previous trading activity, with prices repeatedly testing and failing to stabilize above it. Incremental buying chasing longs on short timeframes is extremely scarce, while selling pressure from above continues to be released. The signal of a short-term spike and pullback has already emerged. On the 4-hour chart, this uptrend is merely a corrective rebound after a major sell-off and has not reversed the overall weak medium-term structure. Strong resistance exists above, formed by a large number of trapped positions from earlier periods, and the upside space for this rebound has essentially been realized. The 4-hour cycle also encountered resistance at the corresponding level, forming a long upper wick K-line. Multiple timeframes are generating a resonance resistance, making it difficult for bulls to expand upward momentum further.

Thursday Midday Trading Strategy
BTC: Short near 61000-61500, target 59000
ETH: Short near 1630-1650, target 1680
BTC2.18%
ETH5.03%
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