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7.8
Bitcoin around 62500-62700 try to go long lightly, stop loss 62300, target 63100/63300;
Above the 63300-63500 range, wait for a reverse trade/short opportunity, stop loss 63700, target 62800/62500.
The market rebounded slightly from the 24h low near 62643.9 to 62892. With the AVL average 63140 above, it forms resistance. In the short term, the bias is bearish, but it’s not advisable to chase a sell-off. The 62500-62700 area below is the previous support zone and also near the 24h low. Pull back to this area for a trade is more stable than chasing shorts.
The 63300-63500 area above is the AVL and moving-average resistance band. If a stagnation/drawback signal appears when the rebound reaches this zone, you may consider a reverse trade to short.
For the day, first watch range consolidation between 62500-63300. If it breaks below 62300, then look to 62000-61800. $BTC
#Strategy上周减持3588枚BTC