7.20 BTC Silk Road Reference Layout

Entry range: around 64,500—64,700 (near) k—
Trigger level: above 65,000
First target: 64,200, second target: 64,000

Over the weekend, the market moved sideways for two days. The rebound was weak and slow—there wasn’t even the nerve to touch the edge of 65,000. The bulls just can’t catch their breath.

The focus hasn’t moved up—so every rebound is an opportunity for people to exit, not a signal to enter. In the 64,500—64,700 range, the earlier trapped supply is weighing down. Every push causes a leak, and every leak repeats. Today, continue to receive orders at this level; the logic remains unchanged.

If it can’t hold firmly above 65,000, the shorts’ outlook won’t change. Don’t be misled by a few small bullish candles. Once 64,000 breaks, the space below will truly open up. Stay steady—the right-side people can afford to wait. $BTC