7.25 Xingran morning market analysis

On the 4-hour timeframe, the price surged and then pulled back, with a large bearish candle breaking down through the prior consolidation range. Funds continued to flow out, and bearish momentum took the upper hand. Although there was a slight stop-the-fall bounce in the short term, the rebound lacked sufficient momentum; it is a technical correction after the drop and has not reversed the downward trend. Multiple layers of resistance are densely clustered above, making it difficult for bulls to regain control.

The trading approach remains: prioritize selling short on rebounds at higher levels. Don’t rush to pick bottoms at lower prices to bet on a reversal; wait for the rebound to reach the resistance zone before setting up.

Trading recommendations:
For BTC, rebound to the 64,700-65,100 range to go short, set a stop-loss at 65,450, and target 63,800-63,500.
For ETH, rebound to the 1,888-1,910 range to go short, set a stop-loss at 1,932, and target 1,850-1,818.#BTC#ETH