7.17 BTC $BTC long ideas

Entry: 62,800 - 63,300 for long
Stop loss (defense): around 62,500
First target: 63,600 - 63,900
Second target: 64,200 - 64,500

BTC at around 64874.7 opened a consecutive one-way decline after the early-morning high. After the short side’s concentrated release, short-term oversold signs became obvious. Price continued to probe lower, consuming bearish momentum. The low reached 63,454.8, then price kept dropping. Gradually, bids started to show up and take over in the lower zone. The 62,800-63,300 support range has a strong buy-side intention to hold it down. The overall daily trend remains mainly bullish in terms of the bigger structure. On the short cycle 5-minute and hourly lines, RSI and KDJ indicators have already entered deep oversold territory. In this round, the short-term bearish “dumping” room is basically fully released; selling pressure is gradually exhausted. The chart also shows a need for a technical rebound/repair after oversold conditions. Key support below is solid. If there is no sudden major negative news leading to continued selling pressure, it will be difficult for price to effectively break below the support range and continue a further drop. The upside space for this rebound and repair has already started to open.

Therefore, plan to accumulate in batches on dips and take profit in stages. Today’s core trading plan is to stick to the “pullback then stabilization = go long” idea. Build long positions in batches with support below as the base, and trade the short-term rebound by timing it with the rebound rhythm after bearish momentum exhausts. #USDT充值理财双重奏