7.27 Morning Market Outlook

A new week, a new start! Looking at the 1-hour chart, after the earlier dip to the 63,680 low, there was a strong rebound and price quickly surged to test the overhead resistance area. After the 15-minute cycle surged, it gradually began to consolidate with slowing momentum; upward momentum has weakened, and signs of pressure above are emerging.

This rebound is a low-level rebound; the resistance area above exerts strong suppression. The plan remains to wait for the rebound to fail under pressure and set up a short position.

Enter a short order in the 65,400–65,900 range. The first target is 64,700. If it breaks down, then look toward 63,700–64,200.

Don’t chase after rallies blindly—be cautious of a surge followed by a pullback. Trade lightly and keep strict risk control #长鑫今日上市Gate合约抢占交易先机 $BTC