### 7.18 Morning Outlook

The big coin fell yesterday from the 65588 step after the reflection ointment point. The daily line closed bearish consecutively, and the head trend structure has been fully established. After dropping to 62655 and realizing the first target of the head order list, the morning saw a weak, low-level sideways consolidation near 62700.

All short-term moving averages remain firmly suppressing any upward move throughout. Every minor rebound lacks volume to drive any meaningful rise. The head’s ability to absorb funds is severely insufficient. Overhead sell pressure continues to slide lower, and the 63000-63200 range has already turned into the core short-term strong resistance zone.

On the four-hour chart, the MACD stays in a dead cross downward, and the head’s momentum is still being continuously released. The current low-level sideways trading is only buildup and consolidation during the selloff—not a sign of stabilization or a bottom-reversal signal. Technical indicators have entered an oversold dulling phase, and blindly trying to bottom-fish can easily leave you stuck halfway down.

Go short on the big coin rebound near 64600-65100, targeting 63200-62700.
Go short on the second coin rebound near 1870-1910, targeting 1810-1770.
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