7.9 BTC Midday Outlook

BTC experienced a technical recovery in the afternoon, climbing to the 62,800 range, but soon faced heavy selling pressure and quickly pulled back.

From the chart structure, multiple resistance levels have formed effective suppression above. The long upper wick on the candlestick directly indicates that the bullish momentum was rejected by capital. On the hourly level, bullish momentum has entered a state of exhaustion, fully demonstrating that this rebound is merely a technical retracement within a downtrend, and does not yet have the conditions to reverse the bearish tone or achieve a trend reversal.

In terms of operations, it is recommended to follow the trend and place short orders in the 63,100–63,800 range, with the downside target at 60,800. Market conditions change rapidly; be sure to strictly set stop-losses and control position risk! #特朗普宣布美伊停火结束