7.13 BTC Analysis

After the current 1-hour timeframe broke out of the Bollinger Bands' contraction and expanded in a one-way trend, the earlier price formed a pulse exhaustion top under pressure along the upper Bollinger Band. After the long-side volume decayed step by step, it then moved into a continuous bearish K-step pullback. Once the price effectively broke through the Bollinger middle band—this key pivot between bulls and bears—it further probed downward and pierced the outer lower band, triggering a divergence in the extreme deviation rate.

The RSI short-term indicator has fallen into the oversold dull/flattened zone. The rebound that is about to occur is only a deviation-repair type corrective bounce, which is a typical bull-trap pullback. The upside rebound room is locked down by the dynamic pressure of the middle band, making it difficult to complete the structural retest confirmation. The Bollinger channel has already shifted from sideways contraction to downward opening. The medium-term bearish trend has been established. From a trading perspective, the focus is on short-selling under pressure around resistance levels. The optimal window to open a short is when the retracement approaches the middle-band moving average area. Continuing to probe the lows below is still the main theme of the market. Do not misjudge a technical repair as a bottom reversal.

Trading suggestion: 63900-64400🈳, targets 62900-62400.$BTC $GT $SOL