7.27 BTC analysis

Analysis: Near 643-648, aim for a light pullback move; look at 660-665.
For shorting, you can wait for a rebound to around 66000 to set short positions; defend at 66500; targets look toward 65000.

BTC on the 1-hour cycle: The market previously saw a sharp drop that dipped to the 636 low, then found support and rebounded, successfully reclaiming the 650 level. At this stage, when price pushes up to the 655 resistance, it starts to correct back; in the short term, it has shifted into a range-bound consolidation pattern. Short-term moving averages still maintain an upward trend. The area around 650 is the key watershed for determining the strength/weakness of this leg. From the news perspective, the market focus remains on spot ETF fund inflows and outflows and this week’s Fed rate decision expectations. Although market sentiment has somewhat recovered, it’s not suitable to blindly chase longs at high levels. In a wide-range oscillation market, nailing the timing of entries and exits is the priority. #直通IPO第二期JerseyMikes #长鑫今日上市Gate合约抢占交易先机 $BTC ‌