Bitcoin rebounds to 67,000; my short positions were stopped out, but my view remains unchanged.



In this rebound, which started from the early-month low of $58,000, Bitcoin climbed steadily and even touched above $67,000. It reignited market excitement with the “bull run returning fast” frenzy.

Looking back at the drivers behind this rally, the logic chain is actually quite clear:
Late June: Market expectations for cooling inflation quietly revived risk appetite
Then, a surprise upside for Non-Farm Payrolls: weaker employment pushed out rate-hike expectations, giving the crypto market its first round of momentum;
CPI data fell more than expected: directly ignited long-side sentiment, and Bitcoin broke through a key resistance level in the process.

My view at the start of the month was indeed bullish. At that time, I thought there was a chance to push into the $65,000–$67,000 range. But plans can’t keep up with changes—suddenly, the situation in the Middle East shifted. The U.S. military increased its strikes against Iran, geopolitical risk spiked, and my longs near 63,000 were forced to be closed early; I sold and missed the move.

To be honest, reaching above 67,000 was beyond my expectations. Because with geopolitical conflict escalating and macro-level uncertainty on top of that, the current market actually lacks a solid hard logic for sustained upside. More often than not, it’s a short-term round of emotion-driven positioning as money chases data-driven positives.

In terms of trading, the recent short positions around 65,000 were swept out by the stop-loss. But my stance hasn’t changed—trading is always a process of trial and error.

Over the past two days, I also reminded viewers in the livestream and in posts to keep trying shorts around 67,000, and so far Bitcoin has already started to pull back. Of course, it’s also not ruled out that there could be one more push toward 67,000 as a short-term bull trap—after all, short-term long sentiment is still strong. In the futures market, funding rates are on the higher side, and retail investors’ enthusiasm for chasing rallies remains.

The next trading plan is to continue building positions around the high point. If Bitcoin gives another opportunity at 67,000 in the next two days, I’ll get on decisively—and it will definitely give you a solid amount of room. #BTC突破66000美元
BTC-1.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
FlashLoanFisher
· 07-22 14:16
Getting stopped out on a short position is definitely painful, but it’s logically sound—I support your view.
View OriginalReply0
RugPullReactor
· 07-22 13:31
This rebound is mostly emotional and speculative, with geopolitical risks still unresolved and funding rates remaining relatively high. Shorting again near 67,000 has a fairly high chance of success.
View OriginalReply0
  • Pinned