7.21 BTC$BTC shorting strategy

Entry: short 65500 - 65800
Defensive stop-loss: around 66300
First target: 64400 - 64800
Second target: 63900 - 64200
Early this morning, BTC surged to highs and touched the 65788 intraday peak; after that, the long-side buy orders quickly dried up. The price then moved out with a sustained pullback. The subsequent secondary rebound is a technical repair bounce after a decline. Throughout the whole move, it failed to increase volume to break through the prior high pressure level. The entire range above 65200 to 65800 is stacked with a double-top trap selling pressure, short-term long liquidation/take-profit orders, and previously trapped ranging positions—covering the full rebound and repair upward channel. On the 5-minute short cycle, the upward momentum kept weakening step by step. The strength of the second push higher was far weaker than the first leg of the rally. The longs’ rebound is only a passive takeover of bids to support the price, not an active strong offensive. Intraday, since 64034 started, the one-way upside has accumulated a large amount of short-term profit-taking positions. At the daily level, there is a sizable build-up of long-side profitable positions, which creates a clear need for concentrated profit-taking and a deep pullback. The double-top overall pressure band suppression is definite. If there is no sustained large net inflow of incremental capital, it will be hard for the price to hold above the 65788 high and restart a one-way long trend. The stop-loss defense zone above 66000 is under solid pressure, leaving plenty of room for error. Unless there is a sudden major positive catalyst that violently drives the price through the defense points, this rebound-and-repair move is basically set to be declared over. Therefore, plan to build positions in batches under wide-range resistance, along with large-range staged take-profit areas. The core trading idea right now is to stick to the “sell short at rebound highs” approach—use the complete strong double-top pressure band to open short positions in stages, and time the pullback after long momentum has fully exhausted to battle for this deep pullback scenario. #ETH突破1900美元