On Saturday, July 18, BTC rallied to the 643 level, but the bulls’ follow-through lacked sufficient momentum. The price then pulled back to 639. With the weekend market seeing light trading and a shortage of incremental capital, pressure at higher levels was clearly evident. The market’s focal point shifted downward slowly, and overall volatility remained limited. You may short lightly on a rebound into the 640-645 range; downside targets are 635 and 630.


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MEVArtist
· 8h ago
Liquidity is thin over the weekend, but this strategy is fairly solid.
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PermitDetector
· 8h ago
Actually, 635 may not hold; if it breaks down, it could accelerate the downward move. However, the short-term short position issue isn’t a big problem—just use strict stop-loss.
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CrossChainMover
· 8h ago
I also think there’s heavy resistance above 640, but be careful not to get caught by a sudden spike—holding a light position is the right move.
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