July 6 BTC/ETH Market Daily: Don't be a fence-sitter; chasing rallies when you see price rebounds can lead to losses on both sides.

Yesterday, BTC briefly touched the 62400 level before rebounding to around 63980. Following yesterday's article's view, short positions around 63600–64000 should be partially closed near 62500. Although I remain firmly bearish, the recent rally has been somewhat surprising. It's better to reduce positions near support levels before continuing to trade, prioritizing stability. Today's strategy remains unchanged, continuing to focus on shorting from highs.

Today's analysis:

BTC upper resistance reference: around 63400–64000–64500–65000. Target lower support reference: reduce 70% near 62500–61000–60000–58000, remaining position continues to target around 55000–50000.

ETH upper resistance reference: around 1820–1850–1880. Aggressive first position near 1800 for a partial entry. Target lower support reference: reduce 70% near 1750–1680–1600–1500, remaining position continues to target around 1450–1380.

Trading logic:

Currently, BTC price is testing monthly EMA55 resistance around 63500. On the daily level, price has broken above the 21-day MA, with EMA55 resistance near 66200. RSI is starting to turn downward, KDJ is turning down from high levels with J value at 94. The recent rally lacks volume, making price prone to a rapid pullback. On the 4-hour level, MACD green histogram is expanding toward the zero line, with fast and slow lines converging, signaling a potential death cross.

In summary: BTC's short-term rebound has inertia, but a volume-less rally cannot go far. The bulls' stability is fragile, with extremely limited upside. The bears' stability is structural, with significant downside room. Therefore, I remain committed to the strategy of favoring shorts over longs. #gStocks代币化股票上线 #Vitalik公布精简以太坊路线图 #预测世界杯葡萄牙VS西班牙