7. TC BTC evening analysis

On the BTC 1-hour cycle, after rising to the 64,411 level and forming a double-top structure, the long-side buy pressure quickly dried up. The price decisively broke below the Bollinger middle band at 63,375, this key pivot line between bulls and bears. The Bollinger Bands, which had previously narrowed into a consolidation pattern, have now fully flipped to downward and opened the downward running channel. The chart then delivered a smooth, cliff-like selloff, with the low probing to the 62,434 level.

At present, it has only pulled out a few small repair bullish candles. The RSI indicator has rebounded from the extremely oversold zone to around 34.5. This is only a deviation-rate recovery bounce after the big drop, not a trend reversal and bottoming signal. The Bollinger middle band has already shifted from support to a strong resistance level. When the price rebounds toward that area later, short-side selling pressure will again be concentrated and released. The overall K-line weight continues to move downward; the downside momentum has not fully been digested. Any brief rebound is merely a downtrend continuation. In terms of execution, do not rush to bottom-fish for a reversal. Laying out short positions based on the dynamic resistance levels is the approach that best matches the current market rhythm.

Trading recommendation: 63,300-63,800🈳, targets 61,300-61,800.$GT $SOL