7.15 BTC early morning analysis

Judging from the current market, BTC surged to 65,130 and met resistance, then pulled back, indicating it has already hit a short-term ceiling. Since the rise was too fast, it will most likely retrace. The candlestick shows heavy sell pressure, suggesting that in the 65,310 area the bulls met strong resistance. This kind of surge-and-pullback often signals weakening in an uptrend. Don’t be fooled by the red candles—unless it has firmly broken and held above the previous high, it is likely a trap/temptation action by the shorts.

Trading strategy

Sell/short around 65,200-65,500, target around 64,000-63,500 #币圈 $BTC