7.7 Tuesday Morning


After several consecutive days of pulling up, this morning’s opening felt clearly off—the price was pushing up, but volume couldn’t keep up, right at the dense resistance zone. The market feels like long positions are quietly retreating using early morning liquidity, momentum has clearly weakened, and a pullback is likely in the short term.
Looking at the 4-hour chart, indicators are already deeply overbought, divergence between price and volume is becoming more obvious, and there’s a large accumulation of profit-taking positions at high levels, like a rock hanging overhead. This rebound has essentially run its course, with no solid logic for further upward movement. So my strategy is clear: every subsequent retrace to resistance levels is a worthwhile opportunity to short.
Suggestions:
Bitcoin: Short around 64500-65100
Target: 61000-62400
Ethereum: Short around 1820-1860
Target: 1700-1750
#比特币
ETH-2.18%
BTC-1.55%
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SlippageSkeptic
· 18h ago
Price–volume divergence plus overbought—a classic pullback play. But this round of longs retreating looks pretty obvious; if you followed, then…
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TidepoolQuant
· 20h ago
I've marked the 64500 short position, but do you really dare to short it, brother?
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YieldCartographer
· 20h ago
The resistance level is really uncomfortable to be stuck at. Insufficient volume just shows a lack of confidence. I'll wait and see for now.
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