7.10 early morning LAB analysis | Shiyuan’s view

After a sharp spike in the early stage, the main force started unloading under pressure, and it dropped back. 1.49 is the core strong resistance. On the 4-hour timeframe, bounces kept running into selling pressure and falling back one after another, so the overall downtrend has not been fully reversed yet.
At this stage, a small rebound is only a repair and build-up after the sell-off, making it difficult to directly turn around the previously bearish major trend.
On the 4-hour timeframe, bullish momentum continues to fade, and under resistance the probability of further downward movement is higher. Don’t blindly chase longs at high levels and get trapped.

Recommendations:
Short in the 1.45–1.49 range. The primary target is 1.03; if it breaks, look toward 0.83–0.79.
After a pullback to 0.83–0.79 and stabilization, go long with a target of 1.45–1.49, with a stop-loss at 1.62.

Risk warning: In the early morning, altcoin liquidity is relatively weak and there are frequent spike-and-pin market conditions. Set stop-losses and participate mainly with light position sizing. $BTC $ETH