7.18 BTC$BTC short setup

Entry: short in the 63,800 - 64,400 range
Defensive stop-loss: above 64,550
First target: 63,300 - 63,000
Second target: 62,700 - 62,500

BTC surged in the morning and refreshed the intraday high at 64,356.7, after which incremental long capital quickly dried up. Market flow then turned into large-scale net outflows. At the high level, a large amount of short-term long-profit-taking positions accumulated. Short-cycle indicators all shifted into a top divergence state, and the short-term upward push for the bulls was completely exhausted. Even if the daily chart long-term overall trend structure remains bullish, after a continuous round of rallies, the market urgently needs to pull back to digest profits from the high. From 63,800 to 64,400, the entire zone has heavy overhead selling pressure. As long as price rebounds back into this range, chasing long positions are likely to collectively flee. There is ample room for downside pullback. Short-term rebound momentum is weak, and a pressured pullback pattern is clear today. The core idea is to wait for price to rebound into the wide resistance zone, then place shorts in batches to bet on a technical pullback wave at the highs. #PreIPOs第二期OpenAI认购