On Monday, it opened high to lure traders in—don’t chase; short above 63000.

Last Friday, I already said in the live room that this week would open high. Because the US stock market is closed, along with the weekend’s double days off, BTC has been consistently ranging around 62000 to build up energy. After the week’s open, as buying pressure stepped in, the price surged sharply. The bulls pushed as high as the 64000 area, then faced resistance and pulled back for a correction. Don’t chase—this is just a false breakout. In the afternoon, there was a slight rebound, then directly went short.

The daily chart has reached the previous high and resistance area. After five consecutive bullish candles, the pattern ended this wave of ranging upward with a single bearish candle. This rebound is only a correction phase within the bear market cycle, not a trend reversal. The overall structure on the higher timeframe is still dominated by bears. This kind of wide-range consolidation rhythm may run through the whole of July, so don’t blindly chase rallies or cut losses impulsively.

Short Bitcoin from the 63300-63800 area, target 62000. If it doesn’t break, you can briefly go long.

Short Ethereum from the 1800-1780 area, target 1730. If it doesn’t break, you can briefly go long.

Be clear about your own thinking and judgment—don’t chase the market. 80% of the time, the market is consolidating. Even when a one-way move comes, it will still follow a step-by-step “look back” rhythm. This week’s target is 8000 points. Are you coming? #gStocks代币化股票上线