7.16 Wang Ye morning BTC outlook


Entry range: around 64,400—63,800
Stop loss: below 63,200
First target: 65,500; second target: 66,300
BTC daily line: the previous day CPI/PPI both were weak, providing a favorable boost to push higher. Yesterday, it surged to around 65,500, then faced pressure and pulled back, closing with a small bearish candle near the highs. Long momentum has been temporarily depleted, and trading volume has shrunk somewhat, but the overall pullback remains limited; the market is now in a buildup/charging phase. MACD is still in the bullish zone, the moving-average system is diverging upward, the larger-timeframe structure remains intact, and as long as the retracement does not break key support, the bias stays bullish. #btc
BTC-0.58%
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