Tongge’s 7.17 BTC playbook

$BTC Enter the grid around 640-645, stop loss at 650, first target 630, second target 620

Current price is 635. The order book is getting more honest.

CPI was good—pumped, no problem. PPI was good—surged, but the highs immediately met resistance. The jobless claims last night was still bullish; this time they couldn’t even be bothered to pretend. It just pushed up and then lay back down. Three bullish catalysts lined up one after another, and the push effect got softer each time.

The momentum from the positives is diminishing, and the market’s reaction is becoming numb. Same routine used three times—anyone who should have figured it out has figured it out: news can push the price up for five minutes, but once it’s up, if nobody’s buying, it’s just messing around.

Push once, soften once—the confidence of the bulls gets ground away like this. Go with the trend and look south; keep the rhythm unchanged, and wait for the market to slide down on its own. #美国6月PPI年率5.5%