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7.17 Big Pie (BTC) Thoughts
Near 625-630, watch for movement; look at 645-650
“笋”: around 622-627
The overhead pressure has not eased yet. The daily timeframe’s bearish structure remains unchanged. The price has already pulled back from the 655 high to 634 and continues to fall. Meanwhile, as rate-cut expectations are pushed back significantly, crypto assets remain under sustained pressure; the downside momentum still hasn’t been exhausted. Most rebounds are due to short-term fund replenishment, and there are no signals of incremental capital continuing to enter the market. In the short term, the market is still in a downward trend. Strategy: wait for a rebound, then rebuild the short setup. For those with patience, there’s meat to be had. $BTC