7.21 Tuesday afternoon 2️⃣

Just quickly repeat one thing: last night, BTC surged to the monthly high at 65,799, but it clearly lacked conviction—touched it and then quickly fell back. Now in the afternoon, the price is hovering around 65,300, moving sideways with no real strength either up or down.

The biggest problem with this push is still the old issue—incremental capital didn’t keep up. It’s mostly spot-light emptying positions being hard-pushed, and there’s basically no real spot buying. ETH is even weaker; it’s been in a continuous net outflow state. Big institutions are mostly just watching—nobody steps in to take action. A rebound without volume support is just empty, and this is also the core reason it gets pressed back immediately after it surges.

Still, go with the trend: rebounds are an opportunity for shorts—

BTC: short near 66,100–66,600,
Target: near 64,700–64,200;
ETH: short near 1,950–1,990,
Target: near 1,890–1,850.

Until volume picks up, don’t try to reverse or guess the bottom—only do short-on-rebound trades, and wait for the “bull” to give a signal. #GUSD年化升至3.8%