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7.14 BTC late-day trading ideas
After BTC rebounded from 61810 to 62857 following the 6/18 low, the upward momentum has clearly weakened. The buying volume has gradually dried up, and capital has started to flow out. A short-term double-top has formed overhead, and there is no further drive to push higher. In this rebound, chances are the repair has already topped out.
The current market is overall trending downward. For the short term, first watch 62000 as support. Even if this level stabilizes temporarily, the selling pressure above remains heavy, making it difficult to break above the previous high again. Overall, the trend is still bearish.
Trading approach: mainly sell/short at the high, with dips used for occasional buying. It is recommended to place short orders in the 62900–63100 range, with targets around 61500.
Tonight, CPI data will be released. Do not go heavy—keep it light and do only short-term probing. ❗️#伊朗宣布关闭霍尔木兹海峡