7.20 Midday Bitcoin Market Analysis

Currently, BTC is fluctuating around 64,700 in the short term. Multiple candlesticks have been printing long upper wicks quite frequently, and trading volume has shrunk to extremely low levels, falling below the moving average volume line. It has initially entered a low-volume consolidation and rest structure. Right now, the price comparison is temporarily holding at a high level for observation, while sell pressure above is also limited. The short-term direction needs to wait for a breakout. At the moment, the market also doesn’t have much technical repair demand; the key is to watch how well key levels hold steady. BTC’s downside at 64,000 is once again becoming a crucial intraday support. If BTC does not pull back to retest and confirm the stability of support, but instead directly breaks through the 65,000 level with further volume expansion, then a right-side follow-up can look at the area near the previous high. However, in the current mid-range low-volume consolidation area, it’s not recommended to get involved in building a position. $ETH $BTC #GUSD年化升至3.8%