7.18 Midday Thoughts



Earlier, BTC surged toward 65,588, then the good news was fully priced in. Combined with obstacles in the bipartisan negotiations over the U.S. CLARITY Crypto Bill, and hawkish remarks from Fed officials suppressing expectations for easier policy, the price started a stepped downward move. On the daily chart, it has continued to close in the red, and the head-and-trend structure has been fully formed.

BTC short near 64,700-65,200; targets near 63,200-62,700.
ETH short near 1,870-1,910; targets near 1,810-1,770.
BTC1.09%
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FlashLoanSorcerer
· 23h ago
The policy side is indeed not very friendly, but the long/short risk-reward from this level is generally average. It’s recommended to wait until the rebound loses steam before entering.
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PolicyScriptureReader
· 23h ago
The short-selling plan is fine, but the entry levels can be even more aggressive.
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HODLwithStop
· 23h ago
Don’t panic, bro who got trapped—there’s a clear short-term bearish trend, but there’s also dense support below. Only if it breaks down at 62,800 will we look for a deeper pullback; otherwise, it may consolidate and build a base.
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PostHalvingSyndrome
· 07-18 07:01
This dip has eaten quite a lot of shorts, but I just feel like it will bounce back and then drop again. I’ll wait for 64,800 to add more.
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