716 BTC evening trading

Last night, inflation data was favorable, pushing the price up to 65,600, but it faced selling pressure and pulled back. The daily candle closed below 64,700. The market shows clear sell-pressure. On the hourly chart, the upward momentum has run out, and overall it’s bearish.

63,000 is today’s key level separating long and short strength; intraday, prioritize a high-then-sell approach.

Short: Enter at 64,400-64,900, stop loss 65,150, take profit 62,500
If the price holds above 64,900, do not chase the short; instead, wait for the move up to 65,600 where it faces resistance, and then short. Use a unified stop loss at 67,500; 67,500 is the level where the shorts are completely invalid.

Long: Only place a small test order. Enter at 62,300-62,500. After the market effectively breaks below 63,000, give up on longs.

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