7.10 “Big Pie” (BTC) $BTC Shorting Idea

Entry: Enter short in batches at 64000 - 64500
Stop Loss: Above 64750
First Target: 63750 - 63650
Second Target: 63500 - 63350

BTC surged rapidly in the early session, reaching the intraday high of 63938. After that, incremental long-side funds quickly dried up. A large amount of short-term profit-taking positions have piled up at the high. Once the price pushes up into the strong pressure zone of 64000-64500, funds chasing long positions are easily trapped. The concentrated exit by trapped positions will then form heavy sell pressure. The uptrend on the daily chart at the larger timeframe level is still intact, but after consecutive short-term pushes higher, long-side momentum is severely overstretched. This is a typical bull-trap “lure-and-pump” phase. The market needs a pullback to digest the profit-taking positions above. Resistance overhead is extremely strong, and after rebounds fail, price is likely to continue moving lower and retracing. Today’s core idea is to lay out short orders in batches based on the heavy pressure zone above, aiming to bet on a rebound drop after the spike. #Solana生态ANSEM暴涨