7.15 BTC analysis

In the early stage of the chart, it dipped to 61,514.7 to complete a bottoming-out and then followed with a full cycle of corrective rebound up. The lows gradually lifted, and bullish momentum kept releasing. A single large bullish candle directly broke through the prior consolidation range, then surged to touch the stage high at 65,265.

After the price hit the 65,265 resistance, it continued to close with pullback candles, forming a high-level pressure-and-slow-growth structure. The upside momentum from the bulls was clearly weakening. After this rapid rally, it entered a short-term digestion and consolidation phase. This is a bullish consolidation after a big move up, and no deep reversal breakdown signals have appeared.

Go long around 64,200-64,500 on the pullback, with targets at 65,000 and 65,265.

Short around 64,900-65,200 where it faces resistance, targeting 64,400 and 63,900 below.$BTC $ETH