7.17 Market snapshot analysis: Big Pie Silk Road reference layout

Entry range: around 63,500—63,700
Support: above 64,400
First target: 62,800; second target: 62,400
Yesterday’s market moved only up and down by about a thousand points; the volatility was so small it’s pathetic. There was no way to hold the overall setup—if you get slightly greedy for profit, you’ll give it all back. Lin Han isn’t stubborn—this kind of sideways range really grinds people down.
But the question of direction can’t be changed in just one or two days. The day before yesterday, 65,130 topped out. Yesterday, the rebound didn’t even manage to touch the edge of 65,000. The high once again was lower than before—what is that? The center of gravity is shifting downward; the bulls are getting weaker.
The shorts haven’t really pushed, but that doesn’t mean the shorts are gone. The market is coiling around 63,500, building up energy, waiting for a trigger to smash straight down. The moving averages are turning and pressing downward—any rebound is an opportunity for people to run, not for people to chase.
Today the plan stays the same. A rebound into the 63,500–63,600 range is your chance. Don’t be tricked into going in by small green candles. If 63,000 breaks, then look at the second target. Stay steady—those with the right direction will laugh last. $BTC #