7.15 Wednesday morning

The rebound at night exceeded expectations, mainly driven by an improvement in rate expectations. This is a sentiment-driven repair, not a signal of a trend reversal. From the candlestick structure, near the prior low it formed a long lower wick probing-bottom formation, and together with a large bullish candle body from the overnight session, short-term hesitation/chop momentum has been released. The coin price has now regained the 5-day moving average. However, the 10-day and 30-day moving averages above still show a “bearish descending” alignment, and they are gradually being pressed down, forming a strong mid-term resistance zone. Until there is an effective breakout above 65,000, I still tend to label this upswing as an extended pullback and rebound, and the higher-timeframe bearish “descending” structure has not changed.

In terms of trading, I will place buy orders around the resistance zone. If the price gives an ideal entry level, I will attempt to enter; the stop-loss will be kept above the “rebound” point of the recent correction.
Recommendations:
BTC: around 64,900-65,400 bearish
Target: around 63,500-64,000
ETH: around 1,890-1,910 bearish
Target: around 1,800-1,850#摩根士丹利增持千枚BTC