7.7 Afternoon Real-time Supplement

Test a light long position around 62800-62950, stop loss 62600, target 63250/63450;
Wait for an opportunity to reverse and go short in the 63250-63400 range above, stop loss 63700, target 63000/62800.

From the high at 63247, the market has pulled back steadily to 62781; after topping out under pressure on the 4-hour chart, it fell back. The AVL average at 62988 is basically in line with the current price, and the short-term trend is choppy and slightly weak. However, 62780 is the intraday low area and also a clearly defined support level recently. As volume shrinks and price approaches support, a rebound is more likely to happen again.

Current volume has increased. Compared with the previous down phase, the decline has come with increased volume, and price is now approaching the support level with volume—so the probability of a deep drop is relatively low. The MACD green bars are gradually getting longer, but the KDJ has entered a low zone, indicating there is a technical need for a rebound and correction.

For today, first watch the 62800-63350 range. Only if it can increase volume and hold steady at 63350-63500 can the upside space be reopened; if it breaks below 62780, it will retrace to 62600-62400$BTC #Strategy上周减持3588枚BTC