7.23 Midday Trading Plan



Yesterday, thanks to the positive news that the U.S. CLARITY crypto bill reached an ethical consensus, the “big pie” surged and its momentum quickly stalled after briefly touching 66,900. All the funds that made short-term profits cashed out and ran. At midday, the current action is getting stuck around 65,900, oscillating back and forth near the entry level.
This rally was entirely driven by news sentiment. The order-book volume simply did not expand—there was no real increase in trading volume. Big off-exchange funds did not step in to absorb the sell pressure, making it a typical “good-news impulse wave.” The short-term upside has already been overstretched and priced in by the market in advance, so the motivation to push higher is clearly insufficient.

For the “big pie,” expect a pullback/short around 66,300–66,800, with targets toward 64,900–64,400.
For the “small pie,” expect a pullback/short around 1,950–1,990, with targets toward 1,890–1,850.

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RevokePro
· 16h ago
Is it too early to suggest shorting? It already touched 66,900—shorting again around the pullback to about 64,000 would be safer, right?
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SlippageWarrior
· 17h ago
No volume means no show—wait for the dip to around 63,500 and then reassess; don’t rush to chase.
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CrossChainArb
· 17h ago
This dump really had no volume. It’s a short-term liquidation machine—wait for a pullback to enter on bids before it’s stable.
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GasWatcher
· 18h ago
The momentum on the news fades once traders start chasing it, following the same playbook as before when the ETF passed. The order book has no incremental capital—once the shorts finish covering, it leaks. Wait until it drops to around 63,300 before considering buying the dip.
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