7.20 evening BTC chart observation

Intraday, price surged to around 65,000 then met resistance and pulled back. In the evening, overall it remained range-bound with choppy consolidation. Trading activity was thin, with long/short positioning relatively cautious. There is no one-sided big move yet.
The short-term resistance is 64,700-65,000, and 65,600 is the key medium-term level to watch for rejection. On the downside, supports are 63,800 and 62,500; repeated pullbacks have not effectively broken below, and buying support at lower levels remains steady.
Evening reference ranges:
1、For a rebound from 64,700-65,000, look at it as “cope” (箜). Defend above 65,300. Targets: 63,800 and 62,500；
2、For a pullback from 62,500-63,800, look at it as “chew” (哆). Defend below 61,700. Targets: 64,300-64,800。
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