7.7 Jinglu BTC Evening Review

In the evening, BTC saw a short-term pullback and rebound after relying on lower support, bringing a round of short-term rally upward. In the short term, the market has warmed up and rebounded, and there is still room for a small further push higher and then rebound. The medium-term moving averages above exert strong pressure; this rally is only a corrective rebound after a major drop, and the bulls’ follow-through capacity is relatively weak. After a brief rebound that pushes to higher levels, the upward momentum will quickly fade. The short-term profit-taking positions accumulated during the range-trading will gradually exit. Once the rebound reaches the pressure zone, it will stall under that pressure and stop; after that, the market will still return to its original bearish rhythm, gradually consolidating and falling lower.!

Operation Suggestions
Go short at 64000-64500
Target range 61500-61000

$ETH $HYPE $BTC #Strategy上周减持3588枚BTC #Vitalik公布精简以太坊路线图 #USD1链上质押享年化8.88%