$BTC July 15 Market Update and Analysis by the Boss

Looking back at yesterday’s price action, it was completely within expectations. At the open, price pulled back to the 618 support level and held it firmly without any effective breakdown. The day’s low gradually moved higher, with prolonged sideways consolidation at the lows to build up energy.
During the daytime, it slowly oscillated upward. Throughout the afternoon, I kept waiting for the 630 target resistance zone.
In the evening, the major CPI upside catalyst landed, and the bulls fully exploded, rallying and pushing all the way up to break through 649. It directly pierced the hourly line Bollinger Band upper rail, and the prior suppression finally failed completely.
Today’s open saw price range-bound at the 645 high as it digested profit-taking. In the morning, it powered up again, setting a new high at 651. Technically, on the hourly chart, the Bollinger Band mid-rail and upper rail are opening upward in sync. The entire uptrend channel is fully open, and bullish momentum continues to release.
Resistance above: 658-670
Key support below: 625-615