7.20 Today’s BTC Analysis

Analysis: Consider positioning around 650-655, target 645-635, with 660 as the defense line.

In terms of moving average structure, after a surge and pullback, the short-term moving averages have turned downward, continuously suppressing price rebounds. When the rebound touches the moving averages, it’s easy for candles to turn bearish and weaken, making it difficult to sustain a continuous uptrend. Combined with today’s actual market capital situation, there is a serious lack of incremental buy orders in the market, and the trading volume has clearly shrunk compared with the earlier high stage. With no main funds entering to prop up the price, only short-term retail traders are slightly buying the dip. The rebound’s momentum is extremely weak. The conflict between Iran and the U.S. continues to escalate, and it’s unlikely that shipment conditions will open up significantly—look to short directly at the high level! #PreIPOs第二期OpenAI认购 $BTC ‌