7.20 early morning thoughts


The hour-level uptrend structure remains intact. The medium- to long-term moving averages continue to form strong support. The market’s lows are steadily rising, and multiple times have produced bullish structure breakouts; the uptrend has been repeatedly confirmed.

The current price is trading in the upper-middle band range of the Bollinger Bands. After a short-term pullback to moving-average support, it stabilizes again and rises. This is merely consolidation and rest within the larger uptrend, and it has not changed the overall bullish structure.

Big brother pulls back to 63,500, stabilizes around 64,000, then looks up to 65,500, 66,500.

Second brother pulls back to 1,830, stabilizes around 1,850, then looks up to 1,930, 2,000.
$BTC
BTC3.29%
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