7.24 Gold Morning Outlook Overnight, gold prices continued to fall. The current price is oscillating around 4048. Today has no key data to watch, so the market is driven purely by technical formations. After the sharp drop by the shorts, there has only been a slight corrective rebound. The overall weak structure remains unchanged—only take shorts, do not catch the bottom. On the hourly chart, the moving averages are being heavily pressured. The 4-hour swing highs keep making lower highs. The rebound is merely a correction in the middle of the sell-off, and no reversal signal has appeared. **Layout:** Short rallies in the 4050-4070 zone, targeting 4040. If the level is broken, then follow the continuation—look for 4020$BTC $GT $ETH .

🔴Important Reminder⚠️ The following is for technical viewpoint exchange only and does not constitute investment advice. The overall market is under pressure and moving downward. The larger-timeframe channel is gradually turning lower; the price has remained below the channel’s midline, showing a bearish structure. Although there is a small rebound and a brief stop in the selloff in the short term, the rebound strength is weak and is best viewed as a correction during a decline. Indicators have temporarily entered a low-range area, and there is a need for short-term consolidation and rest. There is a clear overhead pressure zone above, and any rebound is unlikely to directly reverse the weak structure. If the rebound runs into resistance and turns weaker again, it will most likely retest the low-area support. In terms of trading, it’s not advisable to blindly bottom-fish. Prioritize observing whether the pressure zone can break effectively, stay cautious, and strictly manage risk. BTC: 65200-65700 zone short, watch 63900 ETH: 1885-1900 zone short, watch 1840 $BTC ‌$ETH

In one sentence, the recent market landscape has no difficulty at all. The band-short ideas hinted earlier are being verified one by one: first, the attempted spike up at the high 67,000 failed, and the market, as expected, eased down under pressure. Yesterday, there was also a successful break below the first target at 65,000. The next target is equally clear—directly aiming at the 64,000 target. The midnight action is still as disappointing as always, mainly featuring range-bound consolidation on smaller timeframes. This is both market repair and another opportunity to set up shorts again. After the morning rebound around 64,200, the price once again slipped back into the midnight range. Overall, the rebound momentum is clearly not doing much. The downtrend is already formed—so going forward there’s no need to overemphasize the plan: rebound equals short. Candlesticks are the truest reflection of the market; all opportunities are revealed through candlestick movement. On the daily timeframe, the price successfully slid with consecutive bearish candles. Short-side candles keep regaining territory, and the prior market’s stretch potential has also been successfully recovered. It keeps pressing downward, and the bottom support that can be clearly seen in the near term is nothing more than the middle band—also around the 64,000 level. So for the pullback ahead, we should first watch the pullback breakthrough effect at this stage. On the four-hour timeframe, the price has trended down in bearish candles from the upper band to the lower band. Short-side candles continuously press on the bottom support; after a small bounce, the price quickly sank again, further proving that any rebound is merely market repair within a downtrend, with no trend effect. Therefore, for positioning going forward, we can short around the morning rebound high area at 65,200. BTC short in the 65,200–65,700 range Target 64,000 Breakthrough to look at 62,500 ETH short in the 1,885–1,905 range Target 1,850 1,800 #Gate事件合约首发狂欢 $BTC ‌$ETH ‌