$BTC Morning strategy sharing on July 10

Yesterday, two rounds of short positions on BTC were successfully closed, accumulating a total of 1,400 points. The short entry at 62,600 was closed at 61,800 for a profit of 800 points; subsequently, a timely layout at 63,100 was exited at 62,500 for 600 points. Every layout was based on meticulous analysis of the market. Many traders are easily swayed by intraday fluctuations, frequently opening positions and ultimately losing more than they gain. Market competition relies on self-discipline, not luck. Only take opportunities that fit your own system, decisively layout when conditions are met, and calmly take profits when targets are reached. Let go of impatience and greed, avoid blindly following the crowd, and rely on mature trading logic for long-term survival in the market — this is the core foundation.

From the 1-hour chart perspective, overall volatility in the early morning was very limited. After testing 63,484, the price failed to continuously break above the key level of 63,300. Following the rally, buying momentum quickly faded, and then the market entered a sideways pullback state. Short-term bullish momentum is insufficient, and the market has entered a narrow range consolidation phase. Switching to the 4-hour chart, there is heavy resistance above after the earlier rally. This rebound is merely a corrective move after the decline, and it has not completely reversed the bearish overall pattern. Even with a short-term small bounce, there is still strong resistance above. I previously reminded everyone to pay close attention to the breakout of 63,300. After the early morning minor rally, it still failed to hold above that level. Short-term chart movement is flat, with both bulls and bears trading cautiously. Going forward, only if the market truly strengthens and holds above the key resistance level will we consider participating in the rebound trend accordingly. Otherwise, we remain cautious about the rebound and will not blindly chase the upside.

Friday morning trading strategy
BTC: Short near 63,400-63,900, target 62,000
ETH: Short near 1,750-1,770, target 1,710