7.25 Early-morning MU market analysis — Shiyuan’s view

Starting from the low point at 805, a new round of sustained uptrend began. After rallying to the stage high at 1012, it faced selling pressure and pulled back; it is currently at 939. After the end of the high-range consolidation, a short-term pullback trend has started. The U.S. stock market’s semiconductor storage sector is weak, further suppressing bullish sentiment. In the short term, the market is biased toward a weak consolidation and correction.

Resistance: 965, 988
Support: 920, 902

Suggestions:
Place short orders in the 960–965 rebound range; set a stop-loss at 990. First target: 920. If it breaks down, look for 902.

Overall summary
After topping out from the high, the market enters a pullback. In the short term, bears have the upper hand; prioritize rebounding to follow the trend and sell short at the highs. Do not be aggressive in catching the bottom until it reclaims the 988 level. Set strict stop-losses for all positions to deal with fast market moves caused by fluctuations in the U.S. stock market. $BTC $ETH