7.14, Tuesday2️⃣, early morning

In the evening, the momentum surged then dropped; the bulls regained leadership. Around the supply-demand zone for the sell-off, sell pressure noticeably increased; buy-side follow-through was weak. Dense short-term support was broken down step by step, and the order book’s center of gravity kept shifting lower.

The market overall is cautious. I don’t see sufficient confidence for a strong rebound yet. The overhead layers of resistance are clear. The bulls’ main structure remains intact, and at the daily level there are still no signs of stabilization or reversal.

BTC: 63,000 - 63,400. Around the two lines, continue to watch the bulls; first look at 61,000 below, and if it breaks, then look at 60,600.

ETH: 1,780; 1,820 is a strong resistance. After the attempt to break higher meets resistance, the bulls only need to enter. Target lower at 1,720; if weakness continues, then look at 1,680.

The rhythm remains unchanged—go with the trend. For bearish pressure to become bullish support is the bulls’ call; don’t catch the bottom. #PreIPOs第二期OpenAI认购