7.17 Friday midday market analysis

BTC broke below the key short-term support zone of $64,500 mentioned yesterday, and the daily close price is below $64,000—short positions should continue to be held;
The first target below is around $62,724. This area is an important 4-hour dynamic support level. If it is successfully pierced through, it is favorable for the shorts to continue holding; otherwise, partial closing is required to reduce risk;
The second target below is around $61,700. This area is the core structure-confirmation zone for this short setup. Once this level is pierced through with increased volume, a daily-level pullback will be initiated;
The only invalidation condition for the short: a renewed push upward with increased volume to $64,800 and a 4-hour close that holds above—then take decisive stop-loss and exit;
Friday is the most most most critical time window in the recent period. Stay focused on the order book and be prepared to defend. If by tomorrow morning 8:00 a.m. the daily closing price is below $62,500, the short logic remains valid and the shorts can continue to be held.
Note: The intensity of the Iran-Iraq conflict, the continuation of the Nasdaq index’s decline, and the scale of Bitcoin ETF inflows and outflows will still affect the direction of the crypto market—be sure to guard against risk.
BTC trading advice: Continue short around $64,000, take profit at $63,200-$62,000, stop loss at $65,000
ETH trading advice: Continue short around $1,870, take profit at $1,820-$1,750, stop loss at $1,920