7.3 Midday Thoughts


Brother's trend is very clear. After a rally driven by yesterday's nonfarm payroll data, the momentum for this rebound has gradually weakened. The price has stalled after holding the 62000 mark, facing strong resistance at the daily mid-band and the dual key pressure level of 62500.

Currently, the bullish effect of the nonfarm data has been largely digested. US tech stocks continue to weaken, and with the weekend market liquidity gradually tightening, blindly chasing long positions at this point offers extremely low cost-effectiveness. The most stable approach at this stage is to take short positions when the price rebounds into the resistance zone.

Suggestion
Brother short at 62000, pressure at 63000, target 60000, 58500

Brother two short at 1720-1760, pressure at 1760, target 1650, 1600
$BTC
BTC2.30%
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