7.15 Second Biscuit

The “Second Biscuit” basically tracks the “First Biscuit” almost entirely, but the rebound momentum is clearly weaker by about a full notch. On-chain funds have also been consistently trimming positions and withdrawing outward; at the moment, there isn’t much in the way of any dedicated positive catalyst to prop it up and help it break into an independent upward trend. As a result, it’s difficult for it to produce a decent repair-and-rebound on its own—the overall picture where the bears are still in control hasn’t changed. $ETH $EVAA

Short around 1870-1890; targets 1830 and 1800
$HYPE #摩根士丹利增持千枚BTC