7.16 BTC morning outlook

Last night, after BTC’s price surged to 65,580, it met selling pressure and pulled back directly to the 64,710 level. Throughout the whole day, it fluctuated back and forth within a range and did not break out into a clear one-way trend, with buyers and sellers repeatedly locked in a tug-of-war.

From the 4-hour chart, the current pullback momentum is stronger. The moving averages are overall in a downward suppression state, and the resistance levels above are continuously moving lower. Afterwards, every time the price rebounds, it should be considered more of a reference opportunity for a wait-and-see pullback rather than a clear reversal.

Outlook: If it rebounds into the resistance zone of 65,100–65,800, you can sell in batches and look for a retracement. The first target is around 62,700.