7.3 Morning Market Analysis$BTC $ETH

Currently, Bitcoin is testing the key resistance level of 61500. From the 4-hour chart perspective, although there were two small rebounds during the session, each time it touched the upper resistance line, it lacked the strength to continue upward, ultimately forming a doji candlestick and starting a pullback. This pattern clearly indicates heavy selling pressure above, and bullish momentum has significantly weakened.

The short-term trend is at a critical inflection point, but due to weak bullish support, it is difficult to see a reversal upward in the near term. Therefore, the following trading strategy is very clear: as long as the price rebounds to the resistance level and shows signs of weakening upward momentum, that is the perfect opportunity for us to enter and go short.

Trading Suggestions
Bitcoin: go short in batches directly at 61500-62000, with the downside target at 58000-59000

Ethereum: go short directly at 1710-1720, with the downside target in the 1650-1630 area.