$BTC Monday review summary and 7.7 early morning strategy sharing

Market review: BTC surged to a high of 63,990 during the day, then fluctuated lower, with a rapid drop to a low of 61,297 in the evening. After bottoming out, it staged a short-term rebound, showing an overall pattern of surging and then falling throughout the day.

Trade summary: Today, we firmly adhered to a bearish outlook, executing a total of four short orders, all of which hit take profit. Two BTC orders netted a combined 2,500 points: entry at 63,900, exit at 62,900, gaining 1,000 points; entry at 63,700, exit at 62,200, gaining 1,500 points. Two ETH orders netted a combined 63 points: short at 1,800, gaining 30 points; short at 1,783, gaining 33 points. The market is full of people trying to buy the dip and chase longs, only to get trapped. We alone saw through the fakeout, hitting every high-level short entry precisely, not missing any part of the downtrend, with the rhythm of the market completely under control!

First, let me remind everyone: do not go against the trend to chase bounces; always trade with the trend. Previously, the daily range lacked incremental capital, so the downtrend can accelerate quickly—today's downward move has already confirmed this. From the 4-hour chart perspective, the market completed a full bullish wave, forming a double top stagnation at 63,990, with bullish momentum exhausted and consecutive bearish candles erasing gains. The candlestick center of gravity keeps shifting lower, and the trend has officially turned into a correction bearish phase. The previous dense support zone has been broken by large bearish candles, and the larger timeframe is weakening; this adjustment is not yet over. The 1-hour chart shows a stepwise decline, with small rebounds failing to break resistance, merely serving as fakeout repairs. After the price broke below the long-term consolidation range, the former support has turned into strong resistance. The current rebound is only a minor pullback after the drop, with moving averages continuously suppressing the chart, and the short-term bearish trend remains unchanged. Every rebound is an opportunity to short, and there is still room for further downside.

Tuesday early morning trading strategy

BTC: Short near 62,500-63,000, target 61,000
ETH: Short near 1,770-1,790, target 1,720