7.8 Wednesday Morning

After overnight long and short positions fully exchanged, high-level bullish momentum has clearly weakened. The bearish pressure on the early morning disk is relatively clear, with the price center shifting slightly lower, currently at the second half of the double bottom. In terms of operations, it is recommended to go short on rebounds, not to chase longs.
The four-hour level technical indicators have simultaneously weakened. The short-term recovery is more likely to be a trap long structure at the end of an upward trend, not a trend reversal signal. Each pullback can be regarded as an opportunity to layout short orders. The current downside correction space has not yet been closed, and there is still some depth.
Suggestions:
BTC: Short around 64100-64400
Target: around 62400-62800
ETH: Short around 1800-1830
Target: around 1710-1750