7.16 Morning Chenye Big Pie Analysis

Market Analysis
Currently, the market is in a day-chart-level bullish continuation consolidation phase. Overall, the uptrend has not changed. Yesterday, the price surged to 65,600 and then pulled back slightly. This is a technical adjustment within an impulse-extension pattern, not a top reversal. Short-term profit-taking funds exited, causing the price to drop, but the buy orders below show strong follow-through, with no basis for a deep decline.
Key Levels
64,000-63,500 is the golden ratio support for this round of行情, and also the short-term pivot between bulls and bears. As long as the price holds this range, the impulse up move will continue to expand, and in the coming period it is expected to once again challenge the 66,000-67,000 resistance zone.
Trading Strategy
Overall idea: Pull back to build energy, continue upward; do not short in the short term.
Specific layout: Place long positions around 64,000-63,500, with upside targets at 65,000-66,000.
️ Friendly reminder: Market conditions change in an instant. The above ideas are for reference only. Please strictly use stop-losses, and everything should be based on the real-time price action. #BTC反弹触及65000美元