7.20 BTC early-session chart analysis and strategy #比特币

This rebound for BTC surged to 65084 and touched the high, then clearly met resistance and fell back. The intraday swing range is not large, with the whole day’s amplitude only 0.3%. The price is currently stuck and oscillating back and forth in the 64600–64800 range. The moving averages have shown signs of turning and flattening. After the push to the highs, the bulls’ upside momentum can’t keep up. On the order book, a lot of sell orders are stacked around 64869. The CCI ratio is slightly negative, and selling pressure remains persistent.

The 65000 level resistance earlier is solidly heavy. This round of rally failed to hold the high, so we’re now in a high-level consolidation phase. For the short term, it will be difficult to see a further big surge. Most likely, there will be repeated washouts within the current range. Don’t chase longs on the short term. Focus on whether the 64600 support can hold; if it breaks, there will likely be further pullbacks to the lower end of the range.

Trading suggestion: sell short within the range
Trading range: 65500–66000
Stop-loss / defense: 66500

Ziying tiering:
第1️⃣ Ziying: 63800
第2️⃣ Ziying: 63000