7.20 Afternoon Market Observation BTC

In the afternoon, the overall market remains in a tight range. After a slight push higher, selling pressure becomes apparent, and the price dips modestly. Trading activity throughout the day is relatively low; both bulls and bears are relatively cautious, and for now there is no clear one-way trend.

The suppressed range in the short term is 64,700-65,000, with 65,600 as the key mid-term resistance area. On the downside, the core supports are 63,800 and 62,500. Short-term moving averages continue to provide support, and low-level bid absorption remains stable. As long as support is not effectively broken, the range-repair structure remains intact.

Market reference ranges:
1、If the price rebounds to 64,700-65,000 箜, defend above 65,300; targets are 63,800 and 62,500;
2、If the price falls to 62,500-63,800 哆, defend below 61,700; targets are 64,300-64,800.
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