July 10 Jingyi’s market thoughts: Yesterday we were inseparable; today we turned enemies. The US–Iran ceasefire agreement has once again become a joke. The gates of the Strait of Hormuz open and close at times. Crude oil and gold also saw a small uptick. Jingyi placed a short at 640 and exited all positions at 617, taking a furious bite of 2,300 points.



From the current market structure, the 4-hour chart has broken below 625 support. Bears are still pushing with strength, and bulls have yet to launch an effective counterattack. Trading volume is shrinking with a slow, downward drift. Selling pressure is moderate, but buy-side momentum is weak. Lows are being pushed lower one after another. Combined with the US–Iran conflict boosting oil prices, there are more short-term risk factors, and there’s no clear positive catalyst signal.

Trading suggestions
Short BTC in the 623–630 rebound range, targeting the 615–6万 break point. Lightly operate. #特朗普宣布美伊停火结束
GLDX0.93%
PAXG1.08%
XAU1.10%
BTC1.22%
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INVESTERCLUB
· 7h ago
informative articles hope you enjoy trading
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