Intraday BTC operation advice


For the short-term, the first resistance is 64,800. Multiple bounces into this range have repeatedly met selling pressure and fallen back; it is a short-term moving-average confluence resistance zone. A small rebound into here causes the buyers for the long side to directly run out.
Above, there is a strong overhead resistance at 65,800, which is a dense area of trapped chips from earlier periods. In the prior push up to this level, a sharp drop occurred. A double-top structure has formed, and there is no breakthrough-with-volume energy to support it. As long as it can’t hold above 65,800, all rebounds will be just bear-market induced “buying-the-rip” for corrective moves.
The market’s swing high is gradually moving lower. Upside follow-through is extremely weak. After small rallies, the bears’ sell pressure is stronger. Long momentum continues to decay, and overall the structure is rebound-led and moving downward under pressure.
Trading advice
Place short positions around 64,300–64,800, with targets to watch down at about 63,000–62,500$BTC $ETH #USD1持币生息最高8%
BTC1.09%
ETH1.73%
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