7.20 Qingchuan Morning Big-Pancake Review

During the weekend reset period, funds still quietly engaged in a standoff. Price stayed trapped in the 64,200–64,700 range, oscillating back and forth. Both longs and shorts were observing, waiting for a breakout opportunity. BTC2 also consolidated in a narrow range, building energy while awaiting direction selection.

On the hourly chart, the long side repeatedly pushed higher but was repeatedly rejected and fell back. Bullish momentum continued to be consumed. The 4-hour moving average is flattening, and while the market remains range-bound at high levels, there is hidden risk of a pullback. Support is gradually weakening.

Trading references:
BTC: Chop in the 645–650 range, defend at 657, target 635–630
ETH: Chop in the 1,860–1,880 range, defend at 1,900, target 1,810–1,830#PreIPOs第二期OpenAI认购 $BTC