7.24 BTC midday analysis

The overall long-term bullish structure for Bitcoin remains intact, but after a short-term rapid surge, the market’s near-term momentum has clearly weakened.
At present, the price has slightly stopped falling, but it only briefly stabilized during the drop; there are no signs of a bottom reversal yet.

To change the current short-term weakness, the price must effectively hold above the 65,500 pressure level; once the 64,600 key support is breached, the downside room will continue to expand.

For trading, prioritize placing short positions on rallies. For long entries, you must wait for confirmation signals that the bottom has stabilized—do not try to catch the low on the left side early, to avoid potential losses from picking the bottom against the trend.

Practical reference: sell short near the 65,200–65,500 range on the rebound; the first target is 64,600, and the next target is 63,800$BTC $GT