I was just planning to observe, but the market responded directly. During the most intense battle between longs and shorts, $BTC bounced several times but still looked powerless. This kind of rally, lacking follow-through, is often more worth paying attention to than a simple drop. I chose to open a short around 65,034.0 for a simple reason: the key level at the top hasn’t been digested, and the rebound hasn’t formed a new continuation. After opening the position, I didn’t rush to quicken the pace—I first watched whether the price truly turned weak. When the price moved to 63,790.7, the short side received a response, with a return of +331.62%. What felt most comfortable during the process wasn’t the numbers, but the fact that my judgment wasn’t thrown off by intraday noise. The market isn’t short of opportunities—what it lacks is patience. Don’t let emotions affect your judgment. What needs to be done now isn’t to keep chasing, but to adjust according to changes and hold the space that has already appeared. Once the next signal comes out, then continue observing. $ETH $SOL

7.29 evening BTC/ETH analysis On the daily level, the downtrend continues. The Bollinger middle band that has held for a long time has finally broken down; the downward channel has been opened. In this round of correction, whether in terms of time or magnitude, bearish momentum continues to build and release. There is still room for further pullback ahead. The market is likely to follow a wave 2 correction. The rebound strength will be limited; after a brief period of sideways consolidation, it will test lower again. In the afternoon, maintain the trend-following bearish mindset, and wait to set up again at the rebound pressure zone. BTC short from 64,300—64,800, target 62,500 ETH short from 1,930—1,960, target 1,850 $BTC $ETH

Bitcoin Reference (July 29) $BTC $ETH