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$BTC July 14, old two market summary
Today’s open continued the weak downtrend inertia, with the low touching 1748. It perfectly held the previous core support range of 1720–1750. The downside support proved solid; the sell-side dumping momentum was directly exhausted, and the low-level buy orders quickly took over to launch a rebound.
The daytime rebound rhythm was extremely standard: early on it surged to 1793, precisely stalling just below the 1800 key resistance level I repeatedly emphasized yesterday—matching my forecast to the letter. After breaking above the hourly Bollinger Band upper track, it pulled back slightly and then traded steadily for the whole day above the Bollinger middle track. The bulls’ base is firmly holding, with not a hint of weakness or any signs of breaking down. The sideways washout is just a bear-trap-style selloff strategy.
In the evening, the blockbuster CPI positive catalyst landed, completely igniting market sentiment. The price action stopped hesitating and chopping; a single thrust broke through the pressure, successfully standing above the 1800–1850 resistance zone, and then breaking 1850 in one move. The high reached 1887.
On the four-hour chart, it has already broken above the upper band and is running—bullish momentum has been fully unlocked. But be cautious of a pullback to 1780–1750