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7.13 Afternoon BTC/Technical Posture Analysis
In the morning, BTC surged and touched the upper Bollinger Band, where it met resistance. Long-side volume was not sustained, and the market dumped on increasing volume—perfectly fulfilling the bearish idea from the high area. Currently, the market is at the middle-to-lower Bollinger Bands; the bearish trend is clear, and the small rebound is only a technical correction.
The intraday rebound faces an effective resistance range and continues to be suppressed. Before the price holds above the middle band, every rebound is a chance to go short.
For trades:
BTC: Short the pullback in the 62,900–63,200 range, targeting 62,000–61,500.
Technical Posture: Short the pullback in the 1,790–1,810 range, targeting 1,700–1,650.
Notes:
The above analysis is Muyao’s personal analysis. The market changes rapidly; the content is for reference only and does not constitute any investment advice!
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