7.9 Thursday morning BTC outlook: Bulls powerless to counterattack, slight rebound continues—go short.

Yesterday BTC fell broadly. In the early-morning hours it went sideways and moved through without giving @dō君 any chance to struggle. It’s currently consolidating around 622. Yesterday’s bearish view and short entries were a perfect home run.

From the current perspective, after the drop there hasn’t been even a hint of rebound strength—just continued sideways consolidation at low levels. But as long as price can’t break below key support, it’s still hard to open up a downside move. BTC is at a low level right now, so chasing shorts recklessly carries a high risk. Overall, though, there’s still no sign of any rebound. The main idea remains to short at higher levels, with low longs as a supplement.

Morning reference: short around 625 and 630, looking down to 610–600.