7.23 midday outlook


After the overnight big brother was stopped and rejected at the 655 level, bearish momentum was weak; multiple upward probes also failed to break through the 665 resistance level. The second brother’s attempt to hit the key 1950 resistance was equally awkward and unable to hold that level.

The big brother has been closing consecutive bearish candles on the four-hour timeframe, repeatedly testing the 655 support zone. The current pullback to confirm the weakness is not yet over. Overall, the market bias favors the short side, and the trading plan focuses on selling on bounces.

Big brother: sell around 66,000–66,300
Target: around 64,800–64,400
Second brother: sell around 1,950–1,970
Target: around 1,870–1,840 #特朗普警告9月政府停摆 $BTC $ETH
BTC-0.89%
ETH-2.39%
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CurveWarrior
· 07-23 07:27
Short positions are definitely possible, but I feel this 655 level keeps getting stepped on repeatedly—if they spike it with a needle, it won’t be fun.
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GasFreeMeditation
· 07-23 07:21
Shorting feels great for a while, but pulling up leads to a bonfire—just joking; the trend is indeed bearish, but pay attention to that Trump headline—what if a government shutdown turns out to be bullish for the crypto market?
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ContractWatchman
· 07-23 05:55
1950 short ETH, take profit at 1870. The win-loss ratio is still pretty good, but it’s better to wait for a rebound before entering again—chasing shorts can get swept.
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OptionHunter
· 07-23 05:35
Bro, your thinking is clear—support! But control your position size well; don’t take the loss—recent volatility has been too wild.
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PickingUpCatsInTheContract
· 07-23 05:07
Four hours of continuous red candles; the bounce lacks strength. This short position’s target at 64,400 should be no big issue.
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