7.13 Big pie: After the box range is broken, the selloff accelerates. Follow the trend intraday and look at the decline.

$BTC
Entry: Around 639-643. #美伊战争阴云再起 See 630-620 after aiming from 647.

Shape/level valid breakdown: The prior consolidation box from 639-644 has already been fully broken to the downside. The lower boundary support of the box has directly flipped into strong resistance. The downside room has been formally opened. The market is no longer range-bound consolidation, but has entered a clear downward corrective phase.

Volume confirms the breakdown: This noon selloff came with increased volume and turnover. It represents an effective, consensus-based exit by capital, not a washout fake drop. Sell pressure inside the market has released in a concentrated manner, while the long side’s absorption strength is weak. It’s unlikely that price will quickly reclaim the consolidation box in the short term.

Downtrend structure established: Since the drop from the 64497 peak, the market’s swing highs have gradually moved lower and the lows have been continuously refreshed, forming a standard downward wave structure. The bears have fully taken control of the order book momentum, and the short-term trend is unlikely to reverse easily.