7.16 BTC noon analysis

BTC’s current price is around 64,760. In the 4-hour Bollinger Bands, the overall trend is upward. In the earlier surge, a high-volume long bullish candle directly pushed the price to a high point near 65,598. After topping out, bullish momentum weakened and the market moved into a high-range, low-volume consolidation zone. Price has been under continuous pressure below the prior high. In the short term, upward momentum is slowing, but the larger-cycle bullish structure has not been broken. The trading volume below has noticeably shrunk compared with the rally stage. Selling pressure on the upside is gradually becoming apparent. In the short term, there is a need for a pullback. As long as the subsequent price holds above the 65,000 level, it will again test the prior high of 65,589 to the upside. After breaking through, it will target the 66,028 resistance pressure at the Bollinger upper band, thereby opening up further upside room.

Trading plan

BTC 64,600-64,300 near #比特币 $BTC target 66,000