$BTC Morning Analysis for July 9

Judgment was made early on yesterday, sticking to a bearish outlook throughout the day. With calm and rigorous planning, four trades were executed, all winning. Bitcoin: two orders secured 1,900 points in space; Ethereum: two orders captured 67 points. Trading never relies on luck for explosive gains; lasting profits come from calmly studying the market, adhering to one's trading plan, and letting go of impatience and greed. Opportunities in the market are always present. Endure the consolidation, hold the trend, and execute each judgment steadily. Time will eventually reward those who invest effort.

On the 4-hour chart, the upward phase has ended, officially entering an adjustment cycle. Overall highs are continuously lowering, and the macro trend has shifted to a weak consolidation pattern. Subsequent recoveries are merely corrective moves after the decline. During the rebound, upward momentum is insufficient, failing to break through the key resistance zone above. Bullish fund sustainability is lacking; the rebound is more of a technical repair. As long as the key resistance zone above remains unbroken, the bearish structure will not change. On the 1-hour chart, the earlier decline was smooth, and after full bearish release, a short-term oversold rebound emerged. Currently, the K-lines alternate between bullish and bearish, oscillating back and forth, with a shrinking range. During the rebound, bullish candlesticks are weak, quickly hitting resistance and pulling back after a brief surge. Incoming buy orders are not sustained, only short-term capital making a temporary entry. The hourly level is now in a phase of energy accumulation after the drop; the short-term rebound lacks follow-through, representing a weak counter-rally. In operation, rebounds are our opportunity to go short.

Thursday morning trading strategy
Bitcoin: Short near 62,400-62,900, target 61,000
Ethereum: Short near 1,740-1,760, target 1,700