7.3 Jinglu BTC Morning Brief



BTC surged intraday to hit a high of 62,180, after which bullish momentum rapidly weakened, and price clearly faced downward pressure. In the short term, the upper Bollinger Band firmly suppressed the price, and after the surge, it continued to oscillate and decline. The short-term MACD indicator is gradually turning downward, and short-term buying pressure has significantly weakened. At this stage, the slight rebound lacks momentum, with strong resistance at the upper high. This rally is only a short-term phase of corrective recovery. Selling pressure on the order book is slowly accumulating. After the subsequent rebound meets resistance, the overall trend will continue to oscillate downward, and a bearish market is gradually beginning.

Trading Suggestions
Short at 63000-63500
Target range 59000-58500$BTC $HYPE $BTC #Circle股价重挫17% #TradFiCFD黄金大师赛 #USD1链上质押享年化8.26%
BTC0.77%
HYPE4.65%
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