7.14 midday thoughts

From the current market structure, the big BTC (large “cake”) daily chart’s larger cycle trend has already turned bearish; the price ratio is firmly suppressed below all short-term moving averages. The 64,500–65,000 range overhead forms a key resistance zone. Only if BTC reclaims and stands above this area can the current bearish bias be changed. On the one-hour timeframe: although there was a rebound this morning, it is currently a typical weak rebound. So the trading plan should be centered around selling the rebound at the high end.
For midday BTC, short in the 62,900–63,100 range, target around 61,600.
For midday ETH, short in the 1,780–1,830 range, target around 16,800.