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7.8 Early Morning Big BTC
Last night, the buy orders directly kicked in with full force, and the price surged straight up in a one-way move. The upward rally was especially strong.
Now it has already pushed up to a high level and can’t move higher anymore. The candlestick still has a long upper wick, indicating heavy sell pressure above. With a rise this sudden, a pullback is next to give it some breathing room. The indicators have already been pushed into severe overbought territory—chasing in right now is easy to get caught.
Short around 64000-64500, targets 62500 and 61500.
$BTC $HYPE $LAB #Strategy上周减持3588枚BTC