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7.8 BTC Morning Analysis
Yesterday, BTC surged to the 64700 resistance level but fell back, dropping to a low of 62671, and is currently oscillating around 63570. There are no major news in the market, and it is purely driven by technical factors.
On the 1-hour and 4-hour charts, bearish momentum has somewhat weakened, leaving room for a minor correction and rebound in the short term. However, the medium-term bearish structure has not reversed, and the overall direction favors the bears.
Morning strategy: prioritize short positions on highs, supplemented by long positions on lows. Conservative traders can wait for a rebound to the
63600 and 64000 resistance zones to lay out short positions, targeting 63300 and
62800.#BTC $BTC