7.13 Afternoon Outlook

After the early-session surge pushed up to a high near 644, the sell-off momentum was completely exhausted, and it has now broken into a wave of consecutive sharp drops. The current modest rebound from the low levels is only a short-term repair after the big decline; the overall downward trend has not changed.

After finding a bottom near 624, it has rebounded slightly to consolidate around 630. This rally is only a brief pause during the decline. There is clear overhead pressure, and the rebound strength is unlikely to be sustained. The overall downward move is fully underway; every rebound is a chance to sell rallies.

For today: stick to the plan of selling on rebounds. When the rebound pushes up and meets resistance, trade in the 636-641 range, looking at the previous low at 624. The rebound from lower levels is for repair; once the rebound is in place, sell in line with the move. Keep position sizing light and risk control strict. $BTC $ETH #伊朗宣布关闭霍尔木兹海峡