7.17 Jack Morning Big-BTC Trend Analysis



In the early stage, Big BTC fell continuously from the 64874.7 high point. The overall trend is bearish and weakening. After the price pulled back to the 63580 low, it saw a round of rebound. Now the price is trading sideways around 63860. The moving averages are still heading downward; this rebound is only a corrective move after a major drop. On the order book, there is heavier sell pressure in the 63900–64000 range. To completely reverse the downtrend, you must hold the 64000 level.

Morning strategy: Range low buy (range-bound market; strictly control position size)
Entry range: 62500-63300 (after a pullback to the Bollinger middle band and a stop-the-fall signal small K-line, go long)
Stop-loss defense: 62000 (if the middle band is broken, the rebound logic is invalid—exit)
Take-profit targets:
1️⃣ First take-profit: 64000
2️⃣ Second take-profit: 64800#CoinCircle #比特
BTC1.69%
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BitcoinMaximalist
· 07-17 03:30
I think this analysis is quite on point. 64,000 really is a key resistance/pressure level. Only if it holds there can you look to go long; otherwise it’s just going to keep grinding out the bottom.
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SushiSushiRoll
· 07-17 03:10
Bro, is your stop-loss set at 62,000 a bit too close? The big cake (BTC) is volatile—it’s easy to get pushed through and then come right back. Why not loosen it a bit?
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