Short at resistance after the rebound 65,300–65,500 faces pressure; stop loss above 65,700. Cut the position by half at 64,500–64,800, and the rest will look to 64,000–63,500.

65,500 was tried three times and got smashed back every time; the bulls are starting to lose steam. In the short term, expect a pullback—wait until the rebound is in place, then close your eyes and short.

Upward resistance: 65,300–65,500, intraday high 65,596. After three failed attempts to break higher, sell pressure is heavy.

Downside targets: 64,000–64,200 for the first stop; if it breaks down, look at 63,500–63,000.

① On the 1-hour chart, after topping at 65,596, it has continued to drop; the candles have stayed closing bearish, and the KDJ three lines are moving down in sync—the bull momentum has clearly started to exhaust.
② The ongoing Iran–Israel conflict continues to weigh on risk appetite. While easing inflation slightly reduces concerns about further rate hikes, the Fed keeps repeatedly emphasizing that “a good report doesn’t change the overall picture.”
③ Bitcoin spot ETFs have had 7 consecutive days of net inflows. Yesterday’s net inflow was $199 million, but Grayscale reduced its holdings by 2,524 BTC yesterday, increasing institutional divergence.

Short at resistance after the rebound 65,300–65,500 faces pressure; stop loss above 65,700. Cut the position by half at 64,500–64,800, and the rest will look to 64,000–63,500.

It can’t get through 65,500 after three attempts—when you’re supposed to back off, don’t be stubborn.

The market doesn’t reward bravery; it only rewards correctness. $BTC ‌