$BTC Tuesday Review and 7.8 Early Morning Thought Sharing

Market Review: Yesterday, BTC rose in the morning to 64691 and then weakened, declining throughout the day, hitting a low of 62638. After the dip, buying volume concentrated and quickly rebounded, with a sharp rally at the end of the session recovering most of the losses, closing around 64000.
Layout Summary: Maintained a bearish view throughout the day, with all 4 orders in the live layout winning. Two BTC orders captured a total of 2000 points: the morning 63900 short order captured 1000 points; the evening 63800 short order captured 1000 points. Two ETH orders captured a total of 82 points: the morning 1813 short order captured 54 points; the evening 1791 short order captured 28 points. Do not envy others' occasional sudden profits from catching a wave of the market, as risks lurk within. The real ability to stand firmly in the market lies in continuously and accurately grasping the main trend, not impulsively chasing rises or selling off declines, and steadily accumulating gains from each market segment. Trading is not about temporary wins or losses; steady and prudent progress is the core way to survive long-term.

Yesterday's trend repeated Monday's pattern: a morning rally, a decline during the day, a dip in the evening to bottom out, then a rebound back to highs, with wide-range fluctuations. We still maintain a bearish view, as it's only a matter of time before the market retests the previous low. Currently, the space from above 64000 to the high of 67200 is only a little over 3000 points, while the downside from the low of 57700 has 5000-6000 points of downside space, making the risk-reward ratio obvious. Looking back at the daily chart, since July, the daily line has shown six consecutive bullish candles. This rally started on July 1 with the dovish remarks from Walsh, and the nonfarm payroll data on July 2 further boosted the rally. Subsequent moves continued to set new highs, but volume continued to shrink, lacking spot buying support, with a serious divergence between price and volume. The bullish momentum has long been exhausted. At this stage, the market is firmly bearish, and rebounds are opportunities to short.

Wednesday early morning trading strategy
BTC: Short near 64200-64700, target 62500
ETH: Short near 1810-1830, target 1750