Bitcoin Thoughts and Trading Suggestions for July 10:



Market Thoughts
BTC is currently at 63,265.23, up 1.68% intraday with slight strength. Market sentiment is labeled as bearish dominance, indicating that selling pressure from bears persists during the bullish rebound. Bitcoin's market cap dominance is close to 58.5%, with capital concentrated in BTC. Short-term price faces upward resistance, with selling pressure gradually releasing near the previous high zone. The lower area around 61,900 can serve as a support defense. The current structure is a rebound-driven oscillation, lacking sufficient momentum for a sustained strong single-direction rally, and is prone to the washout pattern of a spike and pullback.

Trading Suggestions
1. Entry: When price approaches 63,800 and stalls with hesitation, gradually build short positions in batches; do not chase shorts at low levels.
2. Take Profit: Lock in profits in two tiers — first tier at 62,500, second tier at 61,900#GUSD年化升至3.8% $BTC $ETH
BTC3.09%
ETH2.07%
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