7.20 Morning BTC/Price Action Analysis

BTC is currently repeatedly consolidating in the high range. The overhead resistance is slowly being digested, and the market is only undergoing a short-term correction.

Overall, this is a strong shakeout during an uptrend, not a top reversal. Don’t blindly look for shorting; the key is to wait for the market to stabilize in the low range.

Trading strategy is mainly pullback-and-buy at support.
BTC: If it retraces to the 64,000–64,500 zone, you can place orders; 66,000–67,500.
Price action: If it retraces to the 1,850–1,870 zone, place orders; targets are 1,900–1,950.

Note:
The above analysis is based on my personal views. The market changes rapidly; the content is for reference only and does not constitute any investment advice!
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