7.12 BTC$BTC shorting idea



Entry: 64,100 - 64,500 scale in batches to go short
Stop-loss (defense): above 64,750
First target: 63,900 - 63,700
Second target: 63,600 - 63,400

After a morning spike, BTC faced selling pressure and rebounded with insufficient momentum. The bulls have weak follow-through, and price has been choppy at the high level, forming a short-term pressure zone. Chasing rallies is clearly less appealing. The rebound is a repair move after a decline, not a strong reversal. On the daily timeframe, near-term bullish momentum has dried up. Selling pressure above remains persistent; repeated attempts to test the highs have failed to break through effectively. There is demand for a pullback to digest positions. Overhead pressure is obvious, and after the rebound meets resistance, it is likely to keep dropping. Today’s core plan is to place short orders in batches around the heavy pressure zone above, betting on a pullback after a run-up#GateUS合规扩展佛罗里达
BTC-0.69%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned