Review of Tuesday, 7/7

Early Tuesday morning, after Trump forcibly pushed the price higher to 64,700, the bullish momentum weakened and failed to continue the rally. Throughout the day, the price kept drifting lower with an overall bearish trend; multiple times during the day, the small rebounds proved to be bull traps, completing a full drop out of the 2,000-point decline range.

Throughout the day, we stayed firmly with the “sell high” approach. We placed shorts in batches based on the market flow at 63,800 and 63,295. Both trades were executed smoothly and captured the move. For the day, the total profit reached 6,457 USDT, fully taking the downside from this round of decline.

The structure on the bigger timeframe remains solid. The 64,600–65,500 range is a strong pressure zone. After the spike, the rebound strength keeps fading. Going forward, continue to look for short opportunities on rebounds with light positioning. If there is no clear market direction, remain on the sidelines and avoid entering too frequently to prevent wasting effort. $BTC $ETH #美终止对伊朗石油制裁豁免