7.14 Morning BTC Analysis

Analysis: look to the 627-632 area for long setups, watch 620-610, and defend 637

On the 15-minute timeframe, the overall downtrend remains unchanged. The moving averages keep sloping downward, continuing to exert pressure. This current rebound is only a rebound/repair move after oversold conditions. Multiple attempts to break above the upper pressure line have repeatedly failed. The upward momentum on the K-line is gradually weakening. In the short term, bullish momentum has clearly been consumed. Within the market, short-term profit-taking stacks with overhead trapped positions, creating dual sell pressure. If the rebound fails to hold above the resistance zone on low volume, a pullback will start. For trading, wait for the rebound to reach the resistance level, then short in line with the move. On the downside, watch the 618 phase low; if support breaks, it will open up further downward space. #百万充值补贴 $BTC ‌