7.21 morning outlook

On the four-hour level, the market has already formed a clear bullish trend. Since the rally was launched from 61,520, the lows have been rising continuously, and the highs have been setting new highs one after another—the standard ascending channel is now fully open.

The recent touch of the channel upper band followed by a slight pullback is only a normal shakeout and consolidation during the upward process, not a signal that the trend has topped out. Combined with volume, the increase in incremental capital during the rally phase is obvious, and the selling pressure during the pullback is very weak. Below, the buy-side support is very solid.

First scenario: pull back to 64,000, with stabilization around 64,500; then look up to 66,500 and 67,000.

Second scenario: pull back to 1,850, with stabilization around 1,880; then look up to 1,950 and 2,000.
$BTC #GUSD年化升至3.8%