7.16 BTC morning analysis

Yesterday’s swing setup closed out successfully. The market consolidated within a range all day, with solid support. At night, it surged higher but ran into sell pressure and pulled back. In the early session, it kept weakening, and the current price is 64700.
The hourly chart is under pressure and pulling back. The four-hour bull structure remains intact, and the medium- to long-term outlook is bullish. Strong support at 63500-64000 limits downside, so don’t short.
Pull back to 64200-64500 for a low buy. Target 65500. If it breaks down, watch for 66000. The stop-loss is set at 64200#btc@btc