7.5 Sunday Next Week's Wave Outlook

Entering July, the market has seen a short-term inflection point. This round of rebound has surged all the way up to the resistance zone around 63500, reaching the previously anticipated top of the rebound. As pointed out earlier, this entire upward move is merely a short-term corrective rally within the downtrend. This week, various fundamental key nodes will dictate the overall market direction, and there is no need to be misled by short-lived short-term gains.

The 60k mark has already been successfully broken and repeatedly confirmed. The support below remains persistently weak. Even if the market occasionally stages minor bounces, the upside potential is very limited, making it difficult to sustain a prolonged bullish trend. After the price hit the heavy resistance at 63500, the bullish momentum lacked follow-through and reversed on schedule under pressure. The current minor oscillating rebound is just a brief consolidation after the sharp decline, unable to change the overall bearish landscape.

The long-term strategy remains firmly bearish, with operations focusing on two key points:
1. Whenever the market stages a rebound in the future, treat it entirely as an opportunity to enter short positions at highs. The bearish primary trend firmly dominates, and the rebound highs are the best points for deploying short positions.
2. Firmly guard the critical support at 57500. If this level is effectively broken, the downward channel will be fully opened, with the first wave target at 55000, followed by the second target at 53000.

On the external front, the Federal Reserve's tightening policy stance remains unchanged, coupled with ongoing geopolitical tensions, leading to a continuous accumulation of conditions favoring long-term bearish moves. The short-term bullish rebound triggered by this week's disappointing nonfarm payroll data is being gradually absorbed. The temporary recovery is merely a transitional phase, and the market will eventually return to its original downward rhythm.

For now, do not blindly buy the dip or go long. The overall operational approach is to rely on rebounds to deploy short positions in batches, manage positions prudently, prioritize risk control, and patiently wait for the subsequent decline to materialize. $BTC $ETH #非农爆冷打压加息预期