7.11 BTC morning outlook

  A new day—hope everyone has a great weekend. In the early hours, BTC dipped to around 63,619 and then stopped there; on Saturday, the broader surface showed signs that the short-term rally is beginning to lose strength. However, weakness doesn’t mean a trend reversal—overall structure still leans bullish. Judging from the actual pullback space, the setup has been relatively precise. This is precisely an example of following structure and pattern to position for the move: when the market clearly enters a correction phase, the strategy should be more conservative in following up. Since there isn’t much change in the technicals on Saturday, I won’t go into more detail here.
  From a structural perspective, the short-term market has officially stepped into a corrective adjustment phase. The pattern is more a signal of bullish stagnation rather than an indication of a trend reversal. The near-term direction still looks bullish, but the market may enter a few days of ranging and consolidation. On the smaller timeframe, during the “bullish” correction phase, there may be opportunities to participate in the range trading; but a more prudent approach is to follow the trend, mainly going long on pullbacks. As price continues to trade sideways at high levels, on Saturday the plan is to go long first around pullbacks, then gauge the strength of the rebound before making further decisions.
  Trading suggestions
  Go long near 63,500—63,800 on BTC, targets around 64,500—65,000 #比特币 $BTC