BTC 1H market quickly weakens; current price is 63,500



Key support 61,300 (bulls’ lifeline)

Short-term resistance 64,200–64,600

Stoch RSI enters oversold and there’s a small need for a rebound, but CCI remains deeply negative—bearish momentum hasn’t finished yet

Action: sell the rebound with resistance at higher levels; after a pullback to support and stabilization, go long at lower levels; if 61,300 breaks, switch to a bearish/short-selling mindset
BTC-0.09%
View Original
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
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
AuroraStone
· 07-13 04:57
Stoch RSI is oversold, but the CCI is still deeply negative—this rebound looks like a bull trap. The short-entry idea is on point.
View OriginalReply0
FomoAfterYoga
· 07-13 04:37
If this pressure zone of 64,200–64,600 can’t be pushed up, there’s a high probability that it will pull back to test support at 61,300; if it breaks the line, short directly.
View OriginalReply0
MoonlightLiquidationLine
· 07-13 02:25
If 61,300 can’t be held, then the bulls are really GG.
View OriginalReply0
  • Pinned