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Go short blindly at 62,700–63,200 for BTC, take profit/exit accordingly; stop-loss above 63,700. At 61,800, cut half the position; the rest will look at 61,000–60,500.
62700-63200—these are all the brothers who chased highs at 64,600 a few days ago and got trapped.
61800-61825—if it breaks through, directly look at 61,000–60,500.
① On the 1-hour chart, shrinking volume, a dead cross—can’t even bounce. After yesterday’s rally to 64,600, bullish funds directly cut off; a large number of long positions concentratedly got liquidated and exited.
② The U.S. and Iran have been clashing for the third straight day. The probability of a Fed rate hike in July has surged to nearly 50%. Yesterday, ETFs also flowed out 425 million USD—pure fuel for shorts.
③ Tonight’s CPI: if it’s higher than expected, it collapses; if it’s lower than expected, it bounces first then gets dumped. The large-cycle bearish structure hasn’t changed. This rebound is only a technical repair, not a reversal.
The market is tough on anyone who doesn’t comply, but rules can keep you alive to see the next day’s market open $BTC