7.17 Wang Ye morning big-biscuit outlook

Entry: rebound in the 64,300–64,800 range to do a sell
Stop loss: above 65,600
Targets: 62,500–61,500
Two days ago a big bullish candle broke through the range, but afterwards there were two consecutive bearish candles that gave back all the gains. Bulls cannot hold their ground, and bears are now in control. MACD has turned down; the red bars continue to shorten. Bullish momentum is exhausting, and the risk of a pullback is increasing. After a short-term spike and reversal, price moved along the lower band; downside momentum has not been fully used up, and rebounds are still for selling. The plan is set—wait patiently for the levels. #btc