Early morning insights on July 9

After a dip in the evening, the market began a repair session, forming a structure of sharp declines and slow recoveries. Although short-term rebounds and repairs are present, the long upper shadow above creates strong resistance, with insufficient bullish momentum for a rebound. The overall center of gravity continues to decline, and selling pressure has not been fully cleared.

The bearish dominance on the larger timeframe remains unchanged. This rebound is merely a technical bounce from oversold levels. The operational strategy is to maintain short positions on bounces, strictly avoiding chasing longs; patiently wait for prices to rise to key resistance levels and show signs of stagnation before entering positions, following the main bearish trend.

Bitcoin: rebound to 63,000, resistance at 63,800, short, target 60,900, 60,000
Ethereum: rebound to 1,760, resistance at 1,790, short, target $BTC 1,700, 1,650