7.17 Morning BTC analysis

Analysis: Do a light short/cover around 642, looking at 630-620.

Yesterday, the 650 top short didn’t get onboard. If you’re waiting for a long, wait for a small rebound to enter. If you want to go long, you can wait for a pullback to 625. Defense is 620, looking for 635-640.

Yesterday, BTC surged to 655 and then kept falling; it’s now at 634. The 1-hour line has broken below the short-term moving averages, and the short term is in a correction. In this round, after rebounding from 618 and rallying to 655, there is serious pressure above 655, and longs’ profit-taking has led to a concentrated exit. Key support to watch is 630-635. If it holds, it’s only an upward repair; afterward it can still push 645-655. If it breaks, it will look down to 620 for support. The news flow still revolves around the Fed’s rate cuts, the USD, and the tug-of-war between market risk sentiment—so trade in line with the range. #PreIPOs第二期OpenAI认购 $BTC ‌