July 21, early morning

After overnight market momentum surged up to the 65,770 stage high, the bullish power on the way up was clearly overextended and began to weaken; the early price has gradually fallen, and it is currently oscillating back and forth around the 65,135 area.

From a technical indicator perspective, on the 1-hour timeframe, the MACD dual lines have turned and are moving downward, and the green histogram continues to expand. At the same time, the KDJ indicator is fully moving into a downward channel, and the short-term downside pressure signal is clear.

Recommendation:
For BTC, do short near 65,700–66,200.
Target near 52,000–60,000.
For ETH, do short near 1,930–1,980.
Target near 1,930–1,980.