7.24 BTC$BTC short analysis

Entry: 65,400 - 65,900 short
Defensive stop-loss: 66,160
First target: 64,700 - 64,850
Second target: 64,400 - 64,650
BTC surged to around 65,148 and met resistance before pulling back. The rebound swing high gradually moved lower, forming a step-like structure of weak consolidation. The rebound momentum on the short cycle continues to shrink; this leg of rebound is only a weak correction after a large drop, with no momentum to reverse and turn strong.
65,400~65,900 is a wide short-term strong resistance zone. A large number of short-term trapped positions accumulate within the range, and once price reaches this zone it is likely to trigger heavy, concentrated sell pressure. Bulls’ offensive strength is weak; as long as they cannot stand above 66,160 on increased volume, the downward oscillation pattern will not change. When the rebound touches the resistance zone, build short positions in batches and trade the pullback accordingly. #Gate事件合约首发狂欢