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7.25 Saturday 【BTC】
Review: On Friday, BTC faced pressure around 65,800 and drifted lower. Bulls repeatedly probed upward but were unable to hold positions at those higher levels; overhead resistance was heavy, and the low touched the 63,700 area.
At this stage, the price is consolidating and correcting around the 64,100 level, with the daily candle closing bearish and moving near the Bollinger mid-band.
Bullish momentum continues to contract in volume; the push upwards is gradually running out. In the short term, any rebound is more likely a technical correction and will be difficult to reverse the weak downward tone.
Sell near 64,500-65,000; targets: around 63,500-62,700 #直通IPO第二期JerseyMikes