u姐7.16$BTC morning outlook

Last night, a big holder of two bing sold off spot holdings, and the big BTC followed with synchronized downside pressure. The market at higher levels has been consolidating sideways for adjustment; on the small timeframe, a top divergence pattern has emerged. Incremental buy-side demand is unable to keep up, bullish momentum continues to deteriorate, profit-taking positions rush to exit, and the risk of a rebound failing and rolling over has been increasing.

Today’s trading focus is to short on rallies. Place short orders in the 64,800–65,300 range on rebounds, with a stop-loss at 65,800. The first target is 64,100–63,700. If support breaks, follow through and look toward around 63,100.

At this stage, it’s a fish-tail market. At highs, never blindly chase longs. Enter strictly with a stop-loss, and control position sizing.