7.24 Poetry Yuan Weekly Friday Recap

Establish a downtrend, guide high-altitude trading
Forecast: Clearly defined as a “technical rebound during a declining process”; it is recommended to set short positions on a rebound at 65,400-65,600. For ETH, rebound at 1,900-1,910 to enter shorts.

Actual price action: This is the latest analysis. Based on the prior three days’ downward trend, the logic is very coherent. At the moment, BTC is indeed weakly consolidating around 65,062.

Expected upside/downside range:

BTC: The target is to move toward 64,500 and even 63,800.
ETH: The target is to move toward 1,860.

Conclusion: Trade in line with the trend. The thinking is very clear: it successfully shifted from the previous “low-buy” to the current “high short.” $BTC $ETH