$BTC 7.9 Afternoon Thoughts Sharing

This morning's public short-selling strategy went smoothly, with Bitcoin dropping nearly a thousand points and Ethereum down 35 points. Bitcoin entered at 62,600, exited at 61,800, firmly taking 800 points of space. The real account executed simultaneously throughout. In trading, most traders tend to gamble based on subjective feelings, filled with hope when prices rise and panic when they fall. The market never accommodates the impatient. Learn to lie in wait before opportunities arise, decisively execute plans when the market moves, and set profit and loss ranges. Do not open positions frequently and randomly, reject emotional trading, adhere to your own trading principles, know when to advance and retreat, restrain inner greed, and rely on a system over the long term to trade the market. Only then can you steadily move forward in the volatile market.

Today during the day session, Bitcoin bounced after hitting a low of 61,666, surging to 63,282. The short-selling range of 62,400–62,900 that I previously provided was originally a strong support level, but has now turned into an important resistance level. If your base position entered short in this range, there is no need to panic. If the price continues to rise to the 63,800–64,200 range, you can add positions accordingly. Do not blindly cut losses. The overall direction remains bearish, with the target still at 61,000. From the volume analysis on the chart, the current bullish momentum is weak and does not have the conditions for a sustained breakout. This rebound is just a small pullback, and the market is still in a range-bound consolidation. Manage positions reasonably, stick to the high-short strategy, and patiently wait for the subsequent decline to materialize.

Thursday afternoon trading strategy
Bitcoin: short near 63,000-63,500, target 61,500
Ethereum: short near 1,760-1,780, target 1,710