7.14 BTC market outlook and trading suggestions

At the current price of 62,561, BTC is down 2.49% over the past 24 hours. The order book clearly shows bears in control, and market bearish sentiment is strong. In the last 24 hours, both trading volume and trading value have increased alongside the decline, indicating obvious capital outflows. Although the market cap share remains 58.27%, bulls lack sufficient follow-through. Overall, the trend is under pressure and moving downward; any rebounds are weak, with no reversal signals. For today, only downside is considered—do not bottom-fish long.

Single-direction short operation suggestion
Entry range: On rebounds to 62,900–63,300, place short orders in batches

Stop loss: 63,700. If price stands above this level, give up the short thesis

Take profit: First target 62,000, second target 61,300$BTC $ETH #PreIPOs第二期OpenAI认购 $BTC $ETH