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BrotherHuOnTrends

7.20 Hu Ge early-session BTC outlook



Outlook: around 640-645, then watch for 655-670
Stop-loss: around 63,800-64,250

Long term, it looks bullish. The “bulls” momentum is currently recovering, and the price is rising within a ranging/sideways consolidation zone. The current market is precisely the key turning point for the bulls-and-bears decision. The probability of a bullish breakout to the upside going forward is very high. Waiting for a small pullback is the better time to enter. Today, first observe whether it can hold above 645. If it further breaks above 655, then the weekly chart repair will have room to continue higher. If it falls back below 64,250 again, then it will still be treated as range-bound consolidation; wait for the right moment, then go long again after the selling pressure has fully released. $BTC
BTC1.25%
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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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YieldFarmer88
· 07-20 03:55
Before breaking through the upper boundary of the range, be careful of a false breakout. It’s recommended to wait until 655 is confirmed to hold steady before chasing—safety first.
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L2Wanderer
· 07-20 02:55
Honestly, it feels like neither the long side nor the short side has much volume right now, but I personally agree with your direction—it just remains to be seen whether it can hold firm around 645.
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VolSmile
· 07-20 02:48
Bro, the setup is so narrow—if it gets hit by an insertion needle and then you pull it back up, wouldn’t you lose money? But the idea is indeed clear and worth taking as a reference.
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SteadyYield
· 07-20 02:37
Brother Hu’s analysis this round is well-reasoned and grounded in solid evidence. The rebound in the market is indeed clearly noticeable—I’m planning to pick up a bit around 643 to test the waters.
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PositionMaster
· 07-20 02:32
If 645 can’t hold up, then the weekly chart repair will have to wait too—first, let’s look at 64250.
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