7.24 BTC evening analysis

The big one’s hourly chart completed the top exhaustion structure in the early stage. A new round of downside driven waves broke the long-side setup. After bottoming at 64636, the rebound only defines a corrective bounce within the downtrend, and it did not form an effective trend-reversal structure. When the price rebounded to near the Bollinger middle band, it met resistance and pulled back; the middle band has turned into a persistent suppression barrier.

The current price is falling again to test the lower support. The RSI momentum indicator lacks upward momentum and fails to generate a bullish synchronization. The near-term heavy resistance is around 65089. If the rebound cannot hold above this threshold, the short-side structure will resume. The key support below is 64636; once it breaks, the main sell-off move will unfold again.

In terms of execution, short in line with the prevailing trend based on the resistance area, avoid bottom-catching on the left side, continuously monitor the support-and-resistance battle, and manage position risk appropriately.

Trading suggestion: 65000-65500 hollow, target 63000-63500.$BTC $GT $ETH #直通IPO第二期JerseyMikes