7.11 Yanqiu Bitcoin afternoon commentary:



After the early session bottomed out and rebounded, the market entered a high-level, narrow-range consolidation. Although the price remains relatively high, the upward momentum continues to weaken. Multiple attempts to break the previous high failed, and a clear pattern of stagnation has emerged. Disagreements between bulls and bears have intensified, and the rhythm of short-term rebounds has been held back.

The market’s fatigue is becoming more apparent; it is closer to a setup for luring longs or a sign that the bulls may be running out of steam. In the absence of a strong positive catalyst, high-level stagnation often builds up the risk of a pullback. The core strategy shifts to arranging short positions on rallies—betting that resistance overhead can be effectively suppressed—without chasing longs.

BTC: You can arrange shorts around 64900-64400, with targets looking toward 63300-62000.

ETH: You can arrange shorts around 1850-1810, with targets looking toward 1740-1600. $BTC $ETH
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ShuranR
· 07-11 10:14
7.11 Yanqiu Bitcoin Afternoon Commentary:

After the market probed the low and rebounded in the early session, the price action entered a high-level, narrow-range consolidation pattern. Although the price is still holding relatively high levels, the momentum to push higher keeps weakening. Multiple attempts to break above the previous high have failed, and lagging/sideways behavior is clearly evident. Divergence between bulls and bears has intensified, and the pace of short-term rebounds has been disrupted.

Market fatigue is gradually becoming more apparent, making it closer to either a bull trap or a situation where the longs are running out of steam. In the absence of strong positive catalysts, lagging at high levels often builds the risk of a pullback. The core strategy has shifted to placing short positions on rallies, betting that resistance overhead will effectively cap price action. Avoid chasing longs blindly.

Big cake (BTC): You can place entries around 64,900–64,400, with targets around 63,300–62,000.

Second cake (ETH): You can place entries around 1,850–1,810, with targets around 1,740–1,600. $BTC $ETH
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