July 7 Li Jingyue's Bitcoin Thought Analysis

Yesterday the market experienced violent fluctuations. The yellow-haired once again transformed into a top trader, crushing the short brothers' carnival and delivering a heavy blow. Throughout the day, there was a fluctuation range of nearly 6000 points. The price first slowly fell from 63900 to the 62800 range, then shorts with volume rapidly dumped, testing the 61300 support level. After a brief stabilization and consolidation, longs launched a strong counterattack, reaching a high of 64709 at the upper Bollinger Band resistance in the early morning. Under pressure, it then fell back into consolidation again.
From a short-term technical pattern indicator perspective, the lower rail is currently turning downward, the channel is narrowing, short-term bullish momentum is exhausted, replicating yesterday's cycle of rising and then falling. The MACD red bars continue to shorten, DIF turns downward approaching DEA, and bullish momentum is gradually weakening. Today's core idea is primarily short at high levels. The key resistance range is 64300-64700. Directly arrange short orders when touched, first target is 63000 middle rail support, if broken, follow the trend to see 62700; if the short-term pullback stabilizes at 62600 support, you can go long with a light position for a short-term bounce. During the intraday day session, only take short long positions to capture space profits. #Strategy上周减持3588枚BTC $BTC