7.1 Tuesday Afternoon Bitcoin Strategy

Let's talk about the market situation. Recently, Trump announced he would investigate the government subsidies received by Musk, and Musk defiantly responded, saying, "If you have the ability, cancel them all; I don't care at all." This back-and-forth clearly has a tense atmosphere; it seems that these two big shots have a grudge against each other.

From a technical perspective, Bitcoin's hourly chart shows a clear range-bound oscillation pattern, with the amplitude gradually narrowing. The current price has reached the upper edge of the oscillation box and is facing strong resistance, lacking momentum for an upward breakthrough. Under this formation, positioning for short positions is the best choice.

Bitcoin 1071-1073 range short, target 1058 range

Ethereum 2480-2500 range short, target 2360 range

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