7.10 Bitcoin Market Analysis: Bitcoin is currently in a large-scale B-wave oscillation rebound cycle, having risen from $57,000 to $64,000 before beginning a pullback. From a Fibonacci perspective, the current retracement has only reached the 0.382 level, not touching the key support areas of 0.5 or 0.618, indicating insufficient depth of correction and a relatively weak structure.

Structurally, there is some deception. Originally, it was expected that price would first drop to a low before going long, but the market rallied directly, resulting in an incomplete structure. A pullback is expected today, with key focus on whether it can hold the critical support level. If it holds, it will be a re-entry opportunity; if it breaks, we need to wait for an opportunity near $60k.

Ethereum is also in a B-wave oscillation rebound cycle, with the retracement not even reaching 0.382, suggesting the possibility of further downside. It is recommended to take profit on long positions and step aside, waiting for a definitive structure to appear before re-entering.

Risk Disclaimer: The above analysis represents only personal views and does not constitute investment advice. Futures trading carries extremely high risk. Please make decisions carefully based on your own risk tolerance and manage your positions properly.