7.27 Changan BTC Strategy Layout

　　BTC spot ETFs saw their first monthly net inflow since April in July, indicating that institutional capital is clearly accumulating in the 64,000-65,000 range. If the price pulls back to the support level, there will be institutional buy orders to take over, making it difficult for a sustained crash to occur;

　　In the futures market, the long/short positioning ratio is relatively balanced, and there has been no extreme surge in short positions. When prices fall, selling pressure will not continuously intensify, and the probability of stabilization at the support level is higher

　　Entry range: 64,300-64,500 pullback (strong support at the bottom edge of the trading box—full exit as instructed)

　　Stop-loss defense: 64,000 level (if there is an effective breakdown, immediately exit with a full stop-loss)

　　First target: 65,500-65,800 (pressure zone near the top of the range-bound box; reduce position by 70%)

　　Second target: 66,200-66,600 (if the price breaks above the 66,000 round-number level with increased volume, look for around 66,500) $BTC