BTC Brother Hao’s Trading Guide for Today
After Bitcoin surged to a 66,924 peak on July 22, it continued printing bearish candles and fell. Compared to the intraday high, it has retraced by more than 1,200 points. Currently, the 5-day and 10-day moving averages have formed a bearish death cross and are diverging downward. The short-term market is completely dominated by the bears.
All indicators are maximally bearish. Random oscillators have left the overbought zone; the RSI has broken below the 50 midpoint, which clearly marks bearish control. The downward trend is very clear. The capital flow picture shows an obvious tug-of-war between bulls and bears: on the bearish side, the giant whale address has been continuously distributing; on the bullish side, futures longs have closed out heavily. On the positive side, ETFs have seen net inflows for multiple consecutive days, providing support at the bottom of the move.
There are three possible market scenarios: if 64,400 is held, price will range-trade and wait for news. If support breaks, it will accelerate the drop and probe lower. Only a high-volume breakout above 66,000 can reverse the bearish structure.
Brother Hao’s multi-day bull/bear strategies have all been executed with precision! Today, look for shorts in line with the trend. If price rebounds into the 65,500–66,500 resistance zone, short there. On the downside, first target 64,500; if it breaks, continue to watch 63,500. Follow the trend steadily to lock in profits. #BTC走势分析 $BTC
After Bitcoin surged to a 66,924 peak on July 22, it continued printing bearish candles and fell. Compared to the intraday high, it has retraced by more than 1,200 points. Currently, the 5-day and 10-day moving averages have formed a bearish death cross and are diverging downward. The short-term market is completely dominated by the bears.
All indicators are maximally bearish. Random oscillators have left the overbought zone; the RSI has broken below the 50 midpoint, which clearly marks bearish control. The downward trend is very clear. The capital flow picture shows an obvious tug-of-war between bulls and bears: on the bearish side, the giant whale address has been continuously distributing; on the bullish side, futures longs have closed out heavily. On the positive side, ETFs have seen net inflows for multiple consecutive days, providing support at the bottom of the move.
There are three possible market scenarios: if 64,400 is held, price will range-trade and wait for news. If support breaks, it will accelerate the drop and probe lower. Only a high-volume breakout above 66,000 can reverse the bearish structure.
Brother Hao’s multi-day bull/bear strategies have all been executed with precision! Today, look for shorts in line with the trend. If price rebounds into the 65,500–66,500 resistance zone, short there. On the downside, first target 64,500; if it breaks, continue to watch 63,500. Follow the trend steadily to lock in profits. #BTC走势分析 $BTC