$BTC Evening Market Thoughts for July 8

The short-side ideas shared early this morning have all been accurately realized, with the market trend moving exactly as anticipated. Live trading followed through without any delay. Shorting BTC at 62,900 was decisive, and the market moved lower as expected. Take-profit at 62,000 was smoothly locked in, securing a solid 900-point downside move. Simultaneously, ETH short was placed around 1,759, with take-profit at 1,730, bagging 29 points. The resistance signals on the chart were spotted ahead of time, with pinpoint precision in entry levels. No need for blind holding or panic chasing—every market turning point was positioned in advance. The market rhythm is fully under control, allowing consistent capture of each downward wave's profit. The vision and execution strength are clear for all to see.

On the 4-hour chart, it’s plain to see that BTC attempted three pushes to test the same resistance zone, all failing to break through effectively. The candles show long upper wicks with rapid pullbacks, indicating heavy overhead selling pressure. Bullish momentum continues to weaken. During the upward pushes, I clearly stated the bearish target—the small rebounds were merely corrective bounces within the downtrend. Buying the top on such rebounds easily traps longs, while following the trend short remains the main line. The previous consolidation range of 62,500–62,900 was broken to the downside, completing the long-to-short shift. Former support has turned into strong resistance; any bounce to that area will be met with selling pressure. Currently, bears dominate, with the next downside target first at 61,000. If that breaks, the lower target is the 59,500–60,200 range. The overall weak pattern remains unchanged. Counter-trend long holding carries high risk. Only by following the bearish rhythm can you capture swing moves.

Wednesday Evening Trading Strategy
BTC: Short around 62,500–63,000, target 61,000
ETH: Short around 1,750–1,770, target 1,700