The dull, unremarkable rhythm is what has enabled our short positions to keep winning streak. First ride the rebound, then bear the pressure; first pump up, then smash down. This week’s script is exactly like that. The highlight is the probing attempt at the 67,000 resistance-suppressing level. The upside opportunity in higher ranges was given very precisely. On Friday night, the accelerated pressure forced the market to circle around and return to the initial breakout point area near 63,600—that’s the rhythm for this week.

As for execution, high-level positioning is what everyone in the market is leaning toward. From Monday to Tuesday, price action mainly focused on tapping the highs for probing. After Tuesday tested the top around the 67,000 line, the market successfully returned to normal. The short idea was also laid out during this phase.

After that, the market has no difficulty at all—just short. The only part worth watching is the small rebound bait誘 after a break below 65,500. That’s precisely the chance for a second short. Zhuowei also gave a precise hint: short directly at 65,700. He repeatedly reminded everyone not to be tricked—did it really happen like that? If 67,000 doesn’t break and you short, you’re worried about a rebound breaking through; if it drops and you wait, then you’re afraid a rebound gives another short opportunity—how could someone possibly do good trades? This week’s live short positions directly “kept it until it smoked.” The 66,500 high-range swing trade was taken so smoothly and comfortably.

Entirely bearish. Sndk is no exception either. The high-level shorts recommended this week also paid off handsomely: short at the 1,600 suppression zone, with targets straight at 1,400.

There hasn’t been a true catalyst from the news yet. As we approach month-end, the build-up of liquidity is likely to explode, and it’s already imminent. On 7/30, the Federal Reserve rate decision is inevitably going to be another bloody storm. For the market sentiment right now, the bearish trend is the main theme. On the weekly chart, the highs have formed a double-top pattern, with 67,000 forming a high-pressure level. The triple bullish streak at the beginning of the month has already been successfully blocked, and market sentiment is clearly turning bearish. So what we need to pay attention to at this stage is another opportunity to short again.

On the daily chart, the market is probing the lows with the middle band support. After Friday’s pin broke down, price action showed repair and accumulation of energy. It mainly continues to probe for the breakdown of the middle band. The MACD and KDJ have already formed a broken-down strong dead-cross suppression pattern. The continuation ability of the bears is currently very strong, so the market’s demand for a breakdown is very strong. Therefore, going forward, our short positions can be entered around the middle band area when opportunities arise, and we can follow through to see how well the breakdown plays out. Combined with the earlier breakdown in relative pricing, Big BTC (big dough) 65,000 has already formed a high-to-low top conversion. This stage is the opportunity for short positions.

Big BTC 64,500–65,500 range short in batches, target 61,500
Breakout: look for 5-digit-starting levels
ETH short in the 1,900–1,930 range, target 1,800; breakout look for 1,730
#直通IPO第二期JerseyMikes $BTC ‌$ETH ‌