Tongge 7.29 BTC outlook

$BTC Enter around 640-645, set stop at 650, first target 630, second target 625.

Last night’s early-morning long bearish candle smashed through the dreams of the chasers, sliding from around 660 down to 63,000—3,000 points vanished in the blink of an eye.

Today it didn’t keep accelerating downward, which suggests there are temporarily buyers near 63,000. But don’t see the “brake” and shout about drifting—someone bids on the way down doesn’t mean someone will hold on the way up.

64,000-64,500 is the first short-term resistance zone. If it can’t break through, the bounce is just a repair—after the repair, it keeps sliding down; if it rises with volume and reclaims above 65,000, then we can talk about the “boss head” taking back the steering wheel.

The big structure hasn’t changed—don’t rush to guess the bottom. In weakness, a rebound to a given level is an opportunity. Tongge follows the rhythm, not the emotions. Tongge 7.29 BTC outlook
Enter around 640-645, set stop at 650, first target 630, second target 625.

Last night’s early-morning long bearish candle smashed through the dreams of the chasers, sliding from around 660 down to 63,000—3,000 points vanished in the blink of an eye.

Today it didn’t keep accelerating downward, which suggests there are temporarily buyers near 63,000. But don’t see the “brake” and shout about drifting—someone bids on the way down doesn’t mean someone will hold on the way up.

64,000-64,500 is the first short-term resistance zone. If it can’t break through, the bounce is just a repair—after the repair, it keeps sliding down; if it rises with volume and reclaims above 65,000, then we can talk about the “boss head” taking back the steering wheel.

The big structure hasn’t changed—don’t rush to guess the bottom. In weakness, a rebound to a given level is an opportunity. Tongge follows the rhythm, not the emotions.