**Thursday Morning Analysis, July 9**

Yesterday I reminded everyone not to rush into short positions. Today, the short entry level has been reached, above 62,500. Not sure how many of you caught this wave. After surging to the stage high of 64,700, this round of the market faced resistance and pulled back, forming multiple consecutive bearish candlesticks. The highs have been gradually lowering, producing a standard phased pullback structure.

**Indicator readings:** DIF = -55.85, DEA = 172.54, MACD bearish bar reading = -456.78, with the green bar volume continuing to expand.

DIF has crossed below DEA, forming a standard death cross. The 4-hour bearish trend has officially taken shape. Any subsequent price recovery is likely to be a weak technical rebound, with no signs of a trend reversal on the chart yet.

**Yifan's personal suggestion:** Go short around 62,600–63,200, targeting 61,600–60,800. #BTC #ETH #BTC走势分析