7.3 Morning Outlook

The market was blocked after hitting a key pressure level. On the 4-hour chart, two minor upward pushes were rejected. After the rise, there was no follow-through and the upward momentum lacked strength. After closing with a doji, the market turned and began to retrace. Selling pressure above has become prominent, and bullish momentum is gradually exhausting.

In the short term, the market has reached a critical point for a turn. Bullish support is weak, so it is difficult for the market to reverse upward and strengthen in the near term. Going forward, operations should mainly focus on shorting into rebounds at higher levels. Whenever a rebound stalls and comes under pressure, you can choose the right moment to set up a short position in line with the trend.

Recommendation
Brother: If Bitcoin faces pressure at 62000 and 63000, watch for a drop toward 60000 and 58500.

Second Brother: If Ethereum faces pressure at 1720–1760, watch for a drop toward 1650 and 1600.
$BTC