On Tuesday, 7.21, BTC lures buyers at high levels—don’t fall for it. For the day, stay flat (no long) first.

Overnight, BTC probed higher again and ultimately stopped at 658. Currently, BTC is consolidating above 650. Yesterday, we were firm on taking shorts from the upper area—after two rounds of pullbacks, we still had access to more than 2,000 points of room. Today, don’t chase longs at the high end—continue staying short at the upper levels.

On the 4-hour chart, the short-term rhythm is a back-and-forth between longs and shorts, with both highs and lows being lifted. On the short-term, the “head” (short-term advantage) slightly favors the upside, but this energy isn’t prominent. Looking back at smaller timeframes: the rally to higher levels is accompanied by pullbacks, and within the smaller cycles it hasn’t shown a one-way trend. So this rebound is still within a range—don’t be fooled by this kind of rebound. Shorting still makes sense at higher levels.

Morning reference: short around 656 and also around 660, with downside targets at 638–625.