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u姐7.25$BTC morning strategy
After the price stopped falling at the 636 low and showed a modest rebound to repair, the medium- and long-term moving averages firmly suppress the upside space. With insufficient momentum to push higher, the overall market is a weak range-bound consolidation following a big drop. A strong reversal is unlikely in the short term. In terms of trading, prioritize shorting after a rebound meets resistance.
Entry: Short positions in the 644-648 resistance zone
Stop loss: 650
Take profit: 636; if it breaks below, watch for 630