7.14 BTC evening outlook


BTC started a continuous rebound from the low point at 61,810, rising to 62,857, after which bullish momentum clearly began to exhaust. Going forward, volume continues to contract and capital flows out; a short-term double-top pressure has formed overhead. Further upside momentum is insufficient, and this rebound’s repair is basically already topped.

The overall market is under pressure and moving down. First look at 62,000 as short-term support. Even if support is temporarily held, sell pressure overhead remains heavy, making it difficult to break to fresh highs again. The overall trend is bearish.

Trading approach: primarily sell at high points, with occasional buys on dips
Place orders near 62,900-63,100, target around 61,500
#比特币 $BTC
BTC4.26%
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NfaKitchen
· 12h ago
The high-altitude idea is fine, but if the 62,000 support is broken down on increased volume, then the downside space will open up—so wait and see how the volume changes first.
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