The market action from last night is over, and the chart is now fairly clear.


Last night, when US stocks opened, Bitcoin spiked up and then pulled back, and the long sentiment was also released to a certain extent.
We originally were still worried it would probe the resistance level above 67,000 again, but the spike up and pullback last night already showed the weakness in the current market—after all, macro-level pressure is there...
Oil prices are currently high, and the conflict between the US and Iran shows no sign of stopping; although the chart hasn’t reacted, what’s coming will come sooner or later.
Now around 66,000–67,000, you can also start trying to short in batches directly. If it continues to rise toward 67,000, then you’ll take an add-on position.
Wait patiently for the wind to come.....#BTC突破66000美元
BTC0.06%
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DrawdownDiary
· 07-23 05:31
The short position is closed—everything’s solid now.
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LiquidationWatcher
· 07-23 04:31
Short-selling is fine, but keep the position lighter—after all, the selling pressure above 67,000 hasn’t fully been released yet. If it tests the resistance again before dropping, that’s more stable.
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ArbitrumNomad
· 07-23 04:13
The logic makes sense, but before the 65,000 support is broken, I think it’s more likely to be ranging rather than trending. Let’s observe a bit more.
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