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7.21 early morning thoughts
On the one-hour timeframe, the K-line closed with a long lower wick reversal pattern. The price has steadily held above and is standing firm on the Bollinger middle band, and it is gradually moving closer to the upper band.
In this cycle, the Bollinger Bands continue to narrow and flatten, and the market is about to enter a consolidation and buildup phase. The upper band area is continuously accumulating upward momentum.
Brother: pull back to 64,000, and once 64,500 holds firm, target 66,500.
Second brother: pull back to 1,850, and once 1,880 holds firm, target 1,950, 2,000.
$BTC