7.17 Lu Hong BTC early-session plan

Yesterday’s white-session rebounded back into the planned range, and following that, nearly a thousand points of short profits were taken. After that, the market moved in a choppy rhythm. In the evening, US tech stocks crashed, and the US housing/economic data weakened across the board. BTC surged up but failed to hold, quickly pulled back. Heavy resistance above has already been established, and the long side’s momentum is exhausted.
On the 4-hour chart, the candles have repeatedly closed bearish. The first resistance above is 64,500; the core strong resistance is the 65,000-65,590 range. Short-term support below is 63,000.
Key intraday idea
Enter a short order at 64,300-64,600 on the rebound
Watch 63,000 as the first target
If it breaks down, continue to look lower at 62,000
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