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July 10 $BTC Market Analysis (with Long/Short Levels): The small-level structure is starting to change!
Yesterday, BTC was mentioned to watch for a pullback between 631-634 near the hourly trend line. Yesterday, it reached a high of 63283 and pulled back to 62450, and it also pulled back around this trend line.
This morning’s further rally has changed the way the small structure here is moving. The key to continuing higher is that 63000 must not fall again—then look for whether there will be an opportunity for a rebound after a retest of 634. The stop loss is if the hourly candle closes below 63000.
The rebound height is a game aiming for a breakout above the previous high at 647—looking toward 651 to see if there will be an opportunity to take profit.