Yunshu 7.16🫓 Morning Analysis

Price is trading sideways and consolidating in the high-range area for now, with minor top-back (bearish) divergence appearing in shorter timeframes. Upward momentum is gradually weakening, and the chart lacks incremental buy-side support.

Liquidity in the Asia and Europe sessions is slowly recovering, but the market is heavy with a wait-and-see attitude and profit-taking sentiment. Overall, it’s difficult to break higher, and the risk of a pullback is relatively high—at high levels, do not blindly chase gains or buy the dip.

Current conditions show a stall at the highs, which is the final stage after an up-move. Rebounds are more suitable for setting up short positions in line with the trend, and there’s a relatively high chance that overall price action will weaken into a range.

Trading approach:
On a rebound into the 65,000-65,500 range, set up short positions. First target: 64,100-64,500. If support breaks, you can further look toward 63,700.
Prefer going short from above resistance in line with the trend. Trade with light position sizing throughout, and manage risk with stop-loss $BTC