7.8 Wednesday Midday Market Analysis

The U.S. military is taking military action against Iran, but U.S. officials also say they are "still seriously negotiating with Iran to reach a final agreement." Fighting and negotiating at the same time. This situation is common in the market. Typically, the chart shows such movement: price first rises quickly, then falls rapidly.
There are three important time points in the next seven days that need close attention:
July 7: U.S. sanctions against Iran take effect, related oil permits are revoked, and the U.S. military has also taken action. Oil prices rose directly by more than 5% that day, which is the first wave of impact.
July 11: The U.S. and Iran will hold negotiations in Pakistan. If an agreement is reached, oil prices may fall, and the cryptocurrency market may rebound; if negotiations break down, oil prices may continue to rise, and BTC may continue to decline.
July 14: The U.S. will release the June CPI inflation data. This is the last important data before the Fed meeting at the end of July. If the data is poor, market expectations for a September rate hike will increase, and a rebound at that time may only be an opportunity to escape, not a signal to heavy buying.
After hitting 6.4w in the early morning, it faced resistance and began to fall back. From the 4-hour weekly perspective, around 6.4w and 1.8k remain strong resistance levels with moving averages being suppressed. After this round of rebound, there is no sign of continued upward momentum.
Additionally, since daytime volatility itself is relatively small and the market is in a consolidation state, we will still primarily take short positions during the day.
BTC operation suggestion: Short above 63000, add positions near 64000, stop loss at 65000, take profit at 62000-60500.
ETH operation suggestion: Short above 1780, add positions near 1810, stop loss at 1850, take profit at 1730-1650.
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