7.6 Market Analysis

It has been consolidating at a high level. If it can't fall, it will rise. Long orders continue to look near 655, go long directly near 622. This rebound is not over yet, still follow the strategy of short-term short and long-term long.
$BTC ‌
BTC has failed three times to break resistance at 64230. It broke below 63252 in the short term and returned to flag pattern consolidation. Currently testing the lower edge support of the flag.
Core defense range: 62210-61266:
If held, there will still be a rebound after consolidation and accumulation; if the range is broken, the bullish structure is destroyed, a deep pullback begins, retracing to 61266 and even the lower box.
Prerequisite for bullish counterattack: stand firm above 63252 again. If it can't hold, there is no hope for an upward move.

Right-side operations

Aggressive long: follow up after a breakout above 63095 with volume and stability
Trend short: short after a breakdown below 62062 with volume, if the pullback fails to recover. Be sure to set a stop loss.

Cycle targets

Hourly line: stand firm above 63252, target 64238-65560
4-hour line: break below 62199, target 61076-60131

4-hour moving average logic

64000 is the strong resistance of EMA200; a breakout is needed for a big bull run;
Mid-term strength/weakness line 61786 (EMA50). If not broken, there is still a chance to rally; if broken, the bulls completely weaken.

Focus on the support at 62210. If the range is broken, the trend turns bearish; if it holds, continue to oscillate and grind within the range. #原油价格下跌