7.16 BTC Evening Analysis

Current price is holding close to the lower BOLL band, while the moving averages’ divergence is widening—this is a typical bearish “speed bump” pattern, not a reversal signal. RSI(6) is relatively low at 32.47, but in a weak market, indicator dullness is normal. Notably, there has been no divergence on timeframes above 4 hours, indicating that selling pressure is still being released in an orderly manner. The 64000 support looks more like a “psychological line of defense”; once it breaks, the downward move will accelerate. Strategically, you should give up on guessing the bottom from the left side.

For this evening’s guidance, the main approach is still to short on rebounds: the 647-652 range. For the short-term targets, first watch the 64000 level, then 63500-63000.