$BTC 7.10 Afternoon ideas share

After this morning, the market surged to around 64,000, and then entered a narrow-range consolidation phase, never managing to break through the previous swing high. I still maintain my earlier view and have been placing short orders within the 63,800–64,250 range. At the moment, the chart hasn’t shown any signals that would make me change my approach. Whether you look at volume metrics or the cyclical pattern, there’s currently no evidence of new capital entering to push the price higher. On the hourly timeframe, the triple-top structure is very clear. Looking closely at the recent chart, it’s not hard to see that during the short-side downtrend the trading volume increases significantly, while every round of upside is rising on shrinking volume. In the consecutive three rallies, there’s a lack of incremental capital follow-through, and the bulls’ confidence is seriously lacking.

For the outlook, I’ll only adjust my approach and switch to placing long positions if there is a volume-backed breakout above the 64,691 high and the price can steadily hold above the 64,300 area. Until then, I’ll stick with overall operations dominated by shorts. For now, I’m entering with only a 2% position size, keeping it light. The stop-loss is set at the 64,700 high level, managing risk appropriately, and patiently waiting for the subsequent market pullback to play out. #美伊战争阴云再起

Friday afternoon trading strategy
BTC: Short around 64,100–64,600, target 62,500
ETH: Short around 1,775–1,800, target 1,740