7.18 Afternoon BTC Market Watch

In the afternoon, the market maintains range-bound consolidation as it repairs. After a modest push higher, it comes under pressure and falls back. In the short term, upside momentum remains insufficient. During the rebound phase, there is relatively limited follow-through capital, and longs and shorts repeatedly clash around key price levels.

The upper short-term pressure zone is 64,000-64,400, while 65,600 is a major medium-term strong resistance. Below, the core supports are 62,500 and 61,700. The earlier lows have solid buy-side support, and the market has not effectively broken down; the medium-term upward structure has not been damaged.

Market reference ranges:
1. If the price rebounds to 64,000-64,400, with defense above 64,800; targets are 62,500 and 61,700.
2. If the price pulls back to 61,700-62,500, with defense below 61,000; targets are 63,200-64,000.
#BTC