### 7.10 Morning Analysis

After last night’s market probed the low, it saw a rapid repair and rebound. At this stage, it’s consolidating sideways in the current range. Although the bulls may briefly gain momentum and recover part of the retracement, the overhead pressure is not to be underestimated. After rallying into resistance, the upside momentum clearly fades. In the short term, the bulls are repeatedly testing and battling around key levels, and the market has entered a phase of directional decision.

The current position is not suitable for chasing longs. A rebound that reaches the resistance zone is a high-quality opportunity to enter short. Overhead resistance is strongly suppressing price, and the bulls are struggling to push higher; overall, the plan is to follow the trend—sell on rallies—and play the pullback: if price meets resistance and falls back, that’s the expected move.

BTC short near 63700-64200, targeting 62300-61800
ETH short near 1770-1810, targeting 1710-1670
$BTC $ETH #GUSD年化升至3.8%