7.20 Jinglu Evening Summary

Throughout the day, BTC first tested the bottom and then surged strongly upward. In the early session, it dipped to 63,722.6 and completed a shakeout at that low. Bullish capital continued to enter the market with net inflows, and the price started a series of rebounds. In the afternoon, it kept climbing, reaching the day’s high at 65,710. After hitting the upper band pressure, it pulled back slightly. Currently, it is consolidating around 65,503.
In terms of indicators, MACD bullish volume continues to expand. KDJ has entered a high zone, where there is a need for a sluggish pullback correction. Overall for the day, bulls dominate. Low-level support is solid, but profit-taking at higher levels is gradually becoming apparent. After a short-term push higher, there is a need for a pullback and repair.

Tomorrow, we continue to look for shorts, targeting 63,500.

Today’s trading operations have been completed successfully, and all market action comes to an end. Rest up and regain your energy—back at it tomorrow, and seize the next round of market opportunities! $BTC $ETH #美军结束对伊朗新一轮打击 #夏日创作营