7.17 BTC early-session outlook



The moving averages on the 4-hour and 1-hour cycles are aligned bearishly in sync, with the overall market under pressure and trending downward; at dawn, the dip at 63580 saw a brief rebound, but it’s only an oversold rebound repair. The rebound reaching the moving-average resistance is mainly followed by going short at highs—don’t chase short-term rebound long positions!

In the short term, MA5, MA10, and MA20 are all diverging downward, forming a standard bearish alignment; the current price 63990 continues to face pressure below all moving averages, with the moving averages layered and suppressing rebound space. The first resistance overhead is the MA20 at 64400!

The Bollinger Bands are opening downward, with the upper band continuing to move lower. Price action is running in the middle-to-lower band range; 63580 on the lower band is the support for this round of short-term trading, while the middle band at 64450 forms strong resistance!

Trading plan: sell short on the rebound 64300-64700, with targets 63800, 63300, and 63000!#美军结束对伊朗新一轮打击 $BTC
BTC-0.19%
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