On July 7, BTC short near 64000, target 625/618

BTC long near 625, defense 618, target 635/640
Last night, after hitting a high of 64691, it quickly pulled back. Currently, the price is retracing to around 63400 and consolidating.
From the 1H structure, BTC has rebounded from around 57700 to above 64600, with a significant short-term gain.
Although the current price is still above the moving averages, repeated high-level pullbacks indicate increasing selling pressure in the 64000-64700 area.
Below, focus on support near 62500, which is both a previous consolidation zone and a short-term long defense level.
If 62500 is lost, the market will likely continue to seek support in the 61800-62000 area.
On the news front, the market is still revolving around the Fed's rate cut expectations, changes in dollar liquidity, and institutional fund flows. There is no significant bearish catalyst in the short term, but profit-taking demand at high levels increases, making the market more prone to technical pullbacks.
In the current market, there is no shortage of opportunities; what is lacking is the patience to wait for certainty.
True masters do not participate in every fluctuation; they act when the market gives an answer.
Trend is king, discipline first. $BTC #BTC