7.16 BTC intraday outlook


With CPI and PPI data both coming in far below expectations, the market’s bullish sentiment saw a concentrated release, and the price action quickly surged upward in a burst. We relied on our sharp Hangqing capture ability to secure several complete rounds of rally-and-pullback.
From the chart, the upper band of the Bollinger Bands near 66,000 forms clear resistance overhead. After the price briefly tested around 65,600, it started to pull back. The intraday bullish momentum has already been clearly depleted. The first resistance zone is 65,100–65,600.
Intraday trading plan
On the rebound to 65,100–65,600, scale in partial sell positions.
The first target is 63,600.
If it breaks below, we can continue to look down toward 62,600.
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CaptainChenOfTheEncryptionTeam
· 4h ago
7.16 BTC intraday outlook
With both CPI and PPI data coming in far cooler than expected, the market’s positive sentiment completed a concentrated release, and the chart moved into a round of rapid spike-and-rise. We rely on keen “Hangqing” capture ability to take down several complete rounds of the rally followed by pullbacks.
From the chart, the upper band around 66,000 forms clear overhead resistance. After the price probed around 65,600, it began to pull back. Momentum on the long side has already been noticeably consumed; the first resistance zone is 65,100–65,600.

Intraday trading plan
On a rebound back to the 65,100–65,600 range, place short orders in batches.
The first target is 63,600.
If it breaks down, it can continue to test 62,600.
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