7.17 Morning $BTC Analysis

After the 15-minute timeframe pushed up to the 64896 high point, long momentum kept exhausting. Short-term moving averages turned down, forming ongoing suppression. The overall downward trend has not changed. This round of minor rebound is merely a technical correction during a decline, not a reversal signal. The price repeatedly probed the overhead resistance zone, but was always unable to break through with sufficient volume. More and more signs of rally-and-fail on the K-line are appearing. Rebound upside strength continues to weaken, and short-term long momentum keeps getting consumed. Inside the market, short-term dip-buyers’ profit-taking has concentrated and taken profits. Combined with ongoing distribution from earlier trapped positions that continue to escape on rebounds, it creates a double layer of selling pressure. If the rebound phase cannot rise with volume and hold above the resistance zone, the bearish downtrend will restart again. The execution approach is to first wait for the rebound into the resistance area and then open short positions in line with the move. Pay close attention to the support low at the 63600 level; once there is an effective breakdown below it, downside room will open further.

Analysis: Short near 64000-64500; first target 63000, second target 62300; defense 65000

#PreIPOs第二期OpenAI认购