7.20 BTC$BTC short-selling idea

Entry: 65,000 - 65,500 short
Stop-loss (defense): around 65,850
First target: 64,500 - 64,700
Second target: 64,000 - 64,300
BTC surged in the morning and hit 65,084.6, the intraday high. After that, the subsequent buy-side momentum from the bulls weakened, and the price first moved out a deep pullback. The later rebound and upswing is a technical repair rebound after the decline, and it did not effectively break through the prior high pressure level with increased volume. In the 65,000 to 65,500 range above, a large amount of prior trapped-sell pressure and bulls’ take-profit orders have accumulated. The upward momentum on the short cycle gradually fades; on the 5-minute level candlesticks, the rebound’s upward strength is clearly insufficient. The bulls lifting the price is passive defense rather than an active, strong push. On the daily timeframe, this leg of the rally has built up many profitable positions, and there is a strong need for profit-taking pullbacks. The upper pressure zone exerts a significant suppressing effect. Unless a huge amount of incremental capital enters and continuously sustains buying, the price is unlikely to hold above and start a new one-way uptrend. The upper key defense stop-loss zone is under firm pressure. If there is no sudden good news forcing a breakout and taking out the stop-loss level, the rebound is likely to end here, with ample downside room for the subsequent pullback. Therefore, plan for wide-range staged entry under pressure and tiered take-profit zones. The core trading idea right now is to stick to the rebound-high high-short approach: rely on the strong pressure band above to build short positions in batches, and time the pullback rhythm after the bulls’ momentum is exhausted to compete for this deep pullback move. #夏日创作营