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7.25 big cake $BTC shorting idea
Entry: short at 64150 - 64450
Stop-loss: above 64680
First target: 63850 - 63700
Second target: 63550 - 63400
BTC has been steadily falling from the prior high at 65110. After shorts concentrated their release, a short-term corrective consolidation came. Currently, the price is under pressure from the overhead resistance zone; multiple rebounds fail to effectively break through, and the long side’s upside momentum continues to weaken.
This rebound is only a technical pause after a big drop, not a reversal. There’s ample sell pressure in the heavy pressure zone above; near-term rebound room is limited. Place short positions based on the resistance band and bet on a second dip. #夏日创作营