7.16 Jinglu Big Cake Morning Quick Review


After the early surge to test the 65,588 high point, the upward momentum continued to weaken. The price came under pressure and began a sustained pullback, with successive highs continually moving lower. In the morning session, the market continued to show a bearish bias; the rebound strength remained consistently insufficient, and overhead resistance layered on top of each other to suppress the bulls. Bulls have found it difficult to organize an effective counteroffensive. Profit-taking from elevated levels has continued to release, and short-side momentum has gradually taken the lead

Trading Suggestions
Short from 65,000-65,500
Target range 62,000-61,500$BTC #BTC反弹触及65000美元 #夏日创作营
BTC-1.34%
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PatchNotes
· 12h ago
This pressure zone at 65,000 is indeed hard to break; any rebound is an opportunity for shorts.
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LimeLeverageAlert
· 12h ago
The bearish trend is quite clear—I followed it.
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KiteAndBlock
· 13h ago
Strong profit-taking selling has slammed the market hard at higher levels. The bulls temporarily have no chance—let’s take a look again around 61,500.
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PuppyLooksAtTvl
· 14h ago
The early-market commentary is clear: after 65588, the highs have been stepping down continuously. This pullback hasn’t finished yet, and the short-sell target zone of 62000–61500 is reasonable.
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