7.17 Morning BTC analysis

After the CPI-favorable rally, the chart has completed and is in the pullback repair phase. The one-hour cycle indicators have already reached deep oversold conditions; in the short term, downside movement can release sufficiently. In terms of strategy, wait for support to stabilize before going long more times; focus mainly on that, and avoid doing it too early.
Price retraces to the 62,800–63,400 range. When a stop-decline and stabilization signal appears, then redeploy longs; don’t try to catch the bottom early.
First look at 64,200 as the initial resistance/trigger point; after a break, then watch the 65,000 resistance level.
Defense: below 62,500
Note: Today is the weekly candle close; back-and-forth wick spikes to shake out positions are very common. Don’t carry too heavy a position—no more than twenty percent. Every long entry must include a stop loss to prevent getting trapped deeply by wick spikes #btc@btc