7.12 BTC: Sell pressure at the entry level becomes evident; prioritize the rebound first.

$BTC
Entry: around 645-648, wait with a squeeze towards 652, then look at 634-625

Clear formation and sell pressure: On the 1-hour timeframe, it tested twice; both attempts around 64680 failed to effectively break through, forming a short-term double-top suppression. A late-night selloff on increased volume confirmed the sell pressure at the entry level. Subsequent rebounds lacked strength to recover the layered declines, a typical signal of “pushing for a break then topping and rolling over.”

Weak long-side momentum: During the rebound, volume keeps shrinking, and there’s insufficient willingness to chase higher prices. By contrast, during the down phase, volume expanded noticeably, indicating strong profit-taking desire at higher levels—capital is moving out from the high.

Weekend liquidity risk: As the weekend approaches, market liquidity tends to contract. Large funds are inclined to lock in gains. After high-level consolidation, the probability of a bearish turn is higher; blindly bottom-picking offers very poor cost-effectiveness #美伊战争阴云再起