7.10 Morning Market Views

Looking at the 15-minute, 4-hour, and 8-hour charts, after the previous surge to the high of 64,693, bullish momentum was completely exhausted, leading to a continuous decline throughout the day. Geopolitical tensions only triggered brief pulse rebounds, unable to reverse the bearish structure on the larger timeframe.

The 15-minute cycle shows a downward pressure channel, with the short-term rebound highs steadily lowering. Currently oscillating around 63,300, this rally is merely a short-term recovery buffer after the sharp drop. There are layers of resistance above, and the rebound momentum is fading quickly. The 4-hour and 8-hour larger trend cycles are weakening in sync, with highs gradually declining, and the overall downward channel fully opened. Each rebound is a window for bears to position.

Today's strategy remains firmly focused on shorting at highs, patiently waiting for the window when price tests resistance. Enter shorts in the 64,200-64,700 range. If the price surges to 65,000, add positions. First target is the support level at 61,800. Once support breaks, follow the trend downward to the previous low of 61,290. This rebound is a temporary repair during a downtrend; once it completes, it remains a window for short entries. Manage position size and strictly control risk when entering. $BTC $ETH #特朗普宣布美伊停火结束