$BTC Crypto “Academician”: The BTC long/short tug-of-war has entered the decisive phase on 7.17—can the technicals reveal the truth behind a potential trend reversal? Latest market analysis and operational suggestions explained

　　
Bitcoin is currently at 64,200. It’s always volatile, and people’s hearts are always unsettled. At the 64,200 level, some feel anxious, some are watching, and some quietly add to their positions. When trading gets to the end, it really isn’t about who has better technical skills—it’s about who can keep their own hands under control. Don’t get impatient when it’s time to wait; don’t stubbornly hold positions when it’s time to cut losses; and don’t be greedy when it’s time to take profit. Many people don’t lose because they don’t understand—rather, their execution is too weak. They write the plan perfectly, but once the market moves intraday, everything falls apart. Especially since we moved north from below 60,000 to where we are now, some fellow coin holders have weak execution: once they make a little profit, they run. They’re regretting it endlessly now, while those still on the car should sit steady and hold on tight.
　　
The daily K-line is currently in the rebound and repair phase from the 57,738 low. The current price is above the short-term moving averages EMA15 and EMA30, suggesting signs that the short-term northward move is stabilizing. However, price is still being suppressed by EMA60 and EMA90 from above, and the medium-term southward trend has not been fully reversed. The MACD shows that DIF is still below DEA, but the green histogram has clearly shortened, indicating that the southward momentum is continuously weakening. The Bollinger Band midline is sticking to EMA30, and the price is moving near the midline. Overall, the market is in the rebound buildup stage after consolidation and bottoming; it hasn’t yet broken out into a clear one-way trend.
　　
The four-hour K-line is narrowly oscillating around EMA15 and EMA30. The short-term moving averages have flattened and are sticking together, showing that longs and shorts are fiercely battling at the current price level. The MACD’s DIF and DEA are close to sticking together, and the red histogram continues to shrink, signaling that northward momentum is fading. The Bollinger Band midline is at 64,012, the lower band at 61,959, and the upper band at 66,065. The price is near the Bollinger Band midline, and the volatility range continues to tighten. In the short term, it will most likely maintain a sideways range-bound pattern. The Fibonacci 23.6% retracement level at 63,882 has already been broken. The next resistance level to watch is around 67,503, while support is around 63,600.
　　
Short-term reference:
　　
As long as the downside does not break 63,800 to 63,400, go north; set stop loss at 63,000; targets are 66,000 to 66,500.
　　
As long as the upside does not break 66,000 to 66,500, go south; set stop loss at 67,000; targets are 65,000 to 64,500.
　　
For specific execution, focus mainly on the real-time order book data. For more information, you can check the author’s updates. There is a delay in article publication; the suggestions are for reference only—risk is your own responsibility ‌#韩国KOSPI暴跌5%触发熔断