7.15 Jack afternoon market analysis

The price has held above the moving averages. The moving averages have shifted from downward to upward divergence, which is a signal that a bullish trend has begun; the indicators shown in the chart are also moving higher in sync, confirming that buying pressure is strengthening. The market pushed up to a high of 65,100 USDT at the resistance area, then saw a small pullback, and the current price is around 64,988 with high-level consolidation.
Sell orders are densely clustered around the current price of 64,988, and there is likely selling pressure at 65,100 in the short term; buy walls below provide ample support and make a sharp drop in the short term unlikely. The focus is mainly on range-bound, high-level trading and a game of supply and demand.
The market has reached the trading range. You can add to your position accordingly.