7.25 Morning Market View

Good morning! Have a great weekend! On the one-hour chart, you can clearly see that after the high around 67,000, price has been ranging and then gradually drifting lower—perfectly validating the top near 67,000 that we identified. Since the start of this month, rebounds have been ongoing. On the 22nd, a turning point arrived; the downward channel remains intact. With each round of rebound, the rebound highs keep shifting lower, and the strength of the bulls’ counterattack keeps weakening.

On the 15-minute cycle, price is currently in a sideways consolidation phase. This is only a brief pause and temporary relief repair within the selloff process and has not changed the overall bearish direction. The short-term rebound faces clear pressure, with heavy resistance overhead.

For today, the plan is to continue sticking with the idea: rebound sells at higher levels as the main approach.
Place the rebound in the 64,400–64,900 range. The first target is 63,700. If it breaks down, follow the trend and look toward 62,800–63,300.
Be cautious of rebound “bull trap” setups—don’t blindly chase after rising prices; strictly manage position sizing and do a good job of risk control. $BTC $ETH