7.8 Evening Outlook

Short positions were given early in the morning, and short ideas continued to be followed during the rebound phase, with a cumulative profit of 1,180 points realized in the live trading, perfectly capturing the market rhythm.

Bitcoin 4-hour chart: After encountering resistance above 64,200, it weakened, with consecutive bearish candles gradually probing lower levels, rebound momentum continuously weakening, and above selling pressure 🐴 gradually exiting. This round of high-volume bearish candles directly probed the 61,700 line, confirming the bearish breakout; the K-line only formed a tiny lower wick, bullish counterattack weak, no standard stop-loss structure seen on the chart, bottom-fishing not recommended in the short term, maintaining a bearish trend trading approach.

On the 1-hour cycle, the bearish trend is even clearer, with the market continuing its bearish decline pattern, rebounds being minor corrections, followed by consecutive bearish candles breaking support levels, with bears in absolute control. Currently, consolidation around 62,100 is a weak repair during the downtrend; further downside room remains in the later stage.
Bitcoin: Short near 63,000-63,500, target 61,400-60,900
Ethereum: Short near 1,770-1,800, target 1,700-1,660
$BTC $ETH #GUSD年化升至3.8%