7.8 morning thoughts

Yesterday, the market rallied and then faced resistance, with 64000 and 1800 becoming the core strong resistance levels of the day. From the 4-hour chart perspective, after the rebound, bearish forces continued to dominate, suppressed by the medium- and long-term moving average resistance above. The post-decline recovery did not show any trend reversal signals.

The current minor rebound is only a short-term technical recovery after the decline, and it is difficult to completely reverse the overall weak structure. On the 4-hour level, bullish momentum is continuously weakening, with bulls unable to sustain further upward movement. The risk of the market rebounding and then falling again is high, so do not blindly chase longs to avoid being trapped at high levels.

BTC rebound near 63700-64200 short, target 62300-61800
ETH rebound near 1785-1805 short, target 1725-1705
$BTC $ETH
#Strategy上周减持3588枚BTC