7.15 Morning BTC Analysis

Analysis: Look to buy around 648-653, watch 640-635, and defend 658.

Last night’s CPI data was bullish, but it only provided a short-term boost. The price was forcibly driven higher to spike to 651, which is effectively a one-time drain of the long side’s strength. After the spike, there was no follow-through—at the high levels, a large number of chasing-long positions are trapped. Once the market rebounds, there will be selling to break the trap and let those positions unwind. In the short term, the moving averages have shifted from support to resistance. The prior streak of consecutive rallies built up a large amount of profit-taking. Upward momentum is gradually running out, and the chart shows clear signals of a stall. The market has rebounded multiple times but has been unable to return to the previous high. Overhead sell pressure continues to be released. In the near term, there is a technical pullback need—if the rebound brings price back into the moving-average pressure zone, you can short along with the move. The lower medium- and long-term moving averages are key support. If that support is lost and price falls back, the downside room will expand further. #PreIPOs第二期OpenAI认购 $BTC ‌