7.15 Big Pie$BTC short setup

Entry: 64,700 - 65,300 short
Defense / stop-loss: around 65,700
First target: 64,200 - 63,900
Second target: 63,500 - 63,000

BTC surged quickly in the early hours on inflation-positive news, hitting the intraday high of 65,130. After that, the long-side buy orders rapidly dried up, and the price moved into a continuous downward consolidation pattern. After the spike higher, short-term follower longs quickly took profit and exited. Above, the 65,000 level has accumulated a large amount of trapped-sell pressure. As long as price rebounds back up into the 64,700 - 65,300 resistance zone, it will face concentrated sell-offs that suppress the market. Overall, the daily chart’s uptrend has not fully reversed, but after a sharp short-term rally, all indicators are in a severely overbought state. The longs’ short-term momentum is completely exhausted, and this is the pullback/absorption phase after the positive news has been realized. With resistance layered overhead, it’s difficult to break through this round’s high again without a massive influx of incremental capital. Since the downside room for this pullback has already been fully opened, the plan is to widen the levels for staged entries and take-profit zones. Today’s core trading idea remains: sell on rebounds and follow the trend—place shorts in batches based on the broad overhead pressure band, and ride the move to bet on the deep retracement prompted by the long side’s profit-taking exits. #百万充值补贴