July 20, 2026 (midday) (price levels reference valid for that day only)

Market tone: On the larger timeframe, the weekly line is still in a weak rebound repair within a downtrend structure; on the daily timeframe, a rebound is underway. Today intraday is a wide-range consolidation. The current situation is that after rallying up to 65,100 in the morning, it was repeatedly sold back; when the price returned to around 64,000, net positions were decreasing. Now it is testing whether 64,100 can be held, and whether high-level turnover will turn into a full pullback. If the 4-hour candle closes above 64,100, there is still a chance for another push; only a close below 63,700 will expand the pullback. Set a stop loss and leave; today long and short were not handled well enough.
BTC key levels:
64100
BTC daily key line for long/short: above 63,400
Resistance: 64,700, 65,100, 65,600
Support: 63,700, 63,300, 62,500