7.12 morning BTC/ETH market analysis Poem Yuan’s view

The prior wave-trading judgment logic from earlier issues has reference value. After the chart surged higher, it showed pressure and a pullback. Combine the current price on the 4-hour cycle to set up a short-term trading plan.
BTC key strong resistance is 64,680, and ETH key strong resistance is 1,829. On the 4-hour AO momentum indicator, after peaking, momentum has faded; heavy selling pressure at higher levels is gradually being released. The market is undergoing range-bound consolidation in a high-range zone. At this stage, price is very close to the upper resistance, so there is a possibility of a short-term pullback under pressure. However, the long-term bull base on the larger timeframe has not been broken. Pullbacks are more likely to be a range correction, making it hard to see a sustained one-way deep selloff. Do not over-allocate capital to bet heavily on the shorts.

BTC (current 64,219):
Place short orders in batches within the 64,400–64,680 range. Take the first profit at 63,800. If support breaks, continue targeting 63,200. Set a stop loss at 64,850.

ETH (current 1,814):
Enter short orders in batches within the 1,818–1,829 range. Take the first profit at 1,790. If support breaks, target 1,770. Set a stop loss at 1,838.

Additional market views (to fit your question on whether it can be short at the current price)

It hasn’t reached the optimal entry level near resistance for opening a short yet. Opening a short directly at the current price has an unfavorable risk-reward ratio. Prioritize waiting for a rebound to move back toward the resistance zone before setting up. If the market directly breaks down—BTC below 63,800 and ETH below 1,790—then the short strength will be confirmed, and you can make a small add-on position to continue watching the pullback. $BTC $ETH