$BTC

7.13 BTC evening analysis
The weekly long-cycle bearish structure is clear, and there have been no signals that could reverse the downtrend; overall direction remains bearish.

Alternation of gains and losses is the market norm. A modest rebound in the short term should not be overly optimistic. Before any large-level reversal candlestick forms, every recovery is only a corrective move within the downswing, and more sell pressure will build up again.

The 4-hour chart maintains a bottom-ranging consolidation pattern. Today’s rebound strength is weak; bearish momentum still has the upper hand, and there is still room for further downside ahead. In the short term, first watch 62,500 support—if it breaks, it will further open the downside space and push toward the prior lows.

Trading reference: short in the 63,000–63,500 range, targeting 62,500–61,500 to the downside