BTC Market Observation, Afternoon of July 18

The market maintains consolidation within a narrow range during the daytime, seeing a slight rise followed by a decline. The short-term upward momentum is not sufficient, and market participation during the rebound is limited, with bulls and bears repeatedly pulling at each other around key price levels.

The short-term resistance range is 64,000-64,400, with 65,600 representing a strong medium-term resistance. The key support levels are 62,500 and 61,700. The previous low has provided adequate support, and as long as these levels are not broken significantly, the medium-term uptrend structure remains intact.

Reference trading range:

1. Rebound price back to 64,000-64,400, with a stop-loss above 64,800, targeting 62,500 and 61,700;

2. Price falls back to 61,700-62,500, with a stop-loss below 61,000, targeting 63,200-64,000.

—---------------

Follow me to get the latest Crypto market news.

$BTC ‌$KAITO ‌$LRC ‌