7.29 BTC 64800-65200: under pressure, you can plan entries; in the short term, expect range-bound action and a technical rebound.

Looking at BTC on the 1H timeframe, yesterday it quickly probed the low around 62600 and rebounded; it has now reclaimed the area around 64400.
The short moving averages have started to turn upward, and clear support is evident at lower levels.
However, around 65000, there is still overhead pressure from trapped positions; for the short term, we first look for a ranging rebound.
On the news front, this week the market’s focus is centered on the MLC rate decision meeting and macro data, and funds remain cautious ahead of key events.
Volatility is expected to further expand. Recent ETF inflows returning also provide some support to the market.
In my 9-year trading career, the more chaotic the market is, the more it tests a person’s composure.
While others chase pumps and then panic-sell, I’d rather wait for opportunities with certainty.
$BTC #BTC