7.29 Morning Market Outlook

After consolidating from the high point and then drifting steadily lower, the earlier short (sell) trend has been fully realized. After probing down to the 62,680 low last night, a rebound and corrective repair followed. This rebound is still a repair phase; the key resistance overhead remains, and the sustained strength of the bulls is yet to be tested.

On the 15-minute cycle, the market is currently oscillating and moving upward in a corrective repair. This is merely a rebound buffer after the sell-off, and it has not yet fully overturned the prior large bearish structure. In the short term, the rebound is gradually coming under pressure, with heavy resistance above.

For today, the approach is to observe first; if the rebound remains under pressure, the main bias is to take shorts at higher levels.
Place short orders in the 64,100–64,600 range during the rebound, with the first target at 63,000; if it breaks down, look toward 62,300.
Be cautious of rebound-and-trap longs—don’t blindly chase after strength. Strictly control position sizing and do risk management. $BTC $ETH #GateCard消费返现最高8%