7.13

The early plan was to attempt a light long between 63,500-63,600, cutting/stop-long at 63,300. The order book was directly smashed down in a single line, triggering the stop; the long attempt was exited.

Current BTCUSDT perpetual contract price is 62,910. The 24h decline is close to 2%. Intraday high is 64,388, low is 62,744. The AVL moving average is 62,905; price is sticking to just below the MA. The head-control trend has already formed.

Market logic:

1. The 63,000 level has been completely broken. It was support before, but now it has become resistance. Above is all trapped dip-buying capital. If the rebound gets back near there, someone will definitely be running; sell pressure won’t be light.
2. On the 5-minute chart, each high is lower than the previous one. When it dropped, there wasn’t any decent high-volume bullish candle; the long side basically had no real resistance.
3. The only hope right now is the intraday low at 62,744. If it holds, there’s still a chance to catch our breath; if it doesn’t hold, the price will continue moving lower.

Rebound control is the main theme:

· In the 62,900-63,050 range, look for control opportunities. Stop the long at 63,300—first watch 62,744. If 62,744 breaks, hold and look for 62,500-62,200.
· If the rebound pushes up to 63,200-63,400, that counts as a deep rebound. You can add light control/long; stop at 63,600. The target is a look-back/retest toward 63,000-62,750.

Low longs can only be light attempts; not the main direction:

· Only after waiting for the 62,700-62,744 area to continuously print stop-bounce bullish candles with volume absorption/strong follow-through, will you consider an extremely small-position attempt. Stop at 62,600; the target is 62,900-63,050. Make a bit of profit and run—don’t hold for a bigger move.

Intraday range:
For now, the short-term is likely to be range-bound at 62,744-63,050. If it reclaims 63,400 and above, the head-control resistance can ease a bit; if 62,744 can’t hold, then look down to 62,500. $BTC #LAB两日腰斩53%