7.16 BTC morning analysis

In the past hour, the Bollinger Bands have extended overall upward. 64895 is the Bollinger middle-band line that serves as a short-term strength/weakness dividing point. The current price, 64846, is hovering below the middle band, and the forces between bulls and bears are temporarily balanced.
Above, 65346 at the upper band forms a short-term pressure zone. Below, 64443 at the lower band is key support to defend.
Trade scenario projection: If, in the following period, funds increase in volume and hold steady above the 64895 middle band, a short-term rebound/repair move may begin. Price would then test the pressure at 65346; if trading volume continues to cooperate, it could potentially touch the previous high of 65589, maintaining the medium- to long-term upward rhythm.
On the other hand, if the rebound is always capped at the middle band, the market will remain range-bound oscillation. It would then pull back again to test support at 64443; an effective breakdown of the lower band would expand the room for further adjustment, probing for lower support.
For the larger cycle, the Bollinger Bands are opening upward, with lows continuing to rise. This pullback is only a “take a breather after a surge” within the up move; the medium- to long-term upward structure has not changed, and there is no trend reversal signal.
Short-term range reference: consider buying on dips in the 64400-64700 zone; the upward target is around 66000#币圈 $BTC