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7.10 Friday 5️⃣ Morning:
The bulls really pushed hard last night, pulling the decline back quite a bit, but don't be fooled by this superficial rebound—the overhead selling pressure is like a ceiling; every time it touches a high, it gets smashed down hard, and the momentum deflates as soon as it fades. Now the chart is at a crossroads, with bulls and bears grinding back and forth at key levels, neither side having the real power to break through.
My strategy is clear: a rebound into the resistance zone is a gift—take short positions boldly and don't hesitate. The overhead resistance is as hard as iron, and the bulls are clearly running out of steam. Chasing longs at this point is just playing bag holder. Trade with the trend, stick with shorts at highs, hold this wave, and wait for the market to choose its own direction.
Suggestions:
BTC: Short near 63,600-63,900
Target: 61,900-62,300
ETH: Short near 1,760-1,780
Target: 1,690-1,720
#Bitcoin