7.11 BTC & ETH morning analysis — Luo Yi’s logic

The overall trend is choppy and slightly weak; follow the trend, hold patiently at high positions in the air, waiting for the move down.

Market review
Earlier BTC price is running around 64,100, and ETH around 1,790. Overnight it surged up into resistance, then kept falling back for consolidation, and the price action fully matches the previously predicted approach. The rebound momentum has remained persistently weak; sell pressure overhead is heavy. A small bounce is only a short-term price correction, and the bearish rhythm dominated the market the entire time.

Market analysis
BTC and ETH move in sync with the same weakening rhythm. Overhead resistance is solid and stable. In the short term, bullish momentum gradually fades. The current rebound room is basically fully used; the shorts have built up enough power. There is ample downside space ahead, so the overall pattern remains bearish with no change, with no reversal signals of any kind.

Trading suggestion
BTC
Entry range: 64,200-64,500
Stop-loss level: 64,900
First target: 63,400-63,000
Second target: 62,500

ETH
Entry range: 1,795-1,810
Stop-loss level: 1,835
First target: 1,750-1,720
Second target: 1,690

Firmly stick to the idea of shorting at high points and holding patiently at the same time; risk control at the short position has been explained to everyone in advance. The logic of shorting again on rebounds has been made very clear—if you understood the rhythm, who didn’t take a big chunk of profit?
Do you really need to wait until the decline is fully played out before reacting later and realizing it?

Risk warning: Market volatility is extremely high. This content is only for reference of ideas and does not constitute any investment advice.
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