7.27 Big Cake: Don’t blindly chase the rebound!

$BTC Entry: If the rebound is around 656-660, pay attention. You can look at 646-640. Those who plan to do a “哆” can take it after it stabilizes around 645.

The 656-660 range above is the golden ratio level for this round of decline, and it also overlaps with the dynamic pressure from the upper Bollinger Band. It’s a historical concentration zone for sell pressure. If the rebound runs into this level, it’s very likely to be met with resistance and pull back. This round of rebound is an ongoing game of existing inventory funds throughout the whole process; trading volume has not shown any clear expansion, and there’s a lack of incremental capital driving it. As a result, both the rebound height and its staying power will be discounted.

66924, the prior high, is the watershed for the downtrend. Until there is an effective breakout and it holds above it, the mid-term short structure won’t be broken. After the rebound, the probability of a second dip remains #CLARITY法案进入最后关键阶段