7.21

Last night, BTC broke out of a standard V-shaped dip-and-rebound pattern. It dipped to 638 to complete a round of cleansing and shakeout. After panic positioning exited in large volumes, the rebound surged up quickly, with the high reaching around 65788. After pushing too far upward, the upward momentum weakened in stages; BTC then retreated to and consolidated in a narrow range near the 65000 level.

Switch to the 4-hour cycle to observe: the overall rebound-head trend framework is clear and complete. This round began from the 615 low, then lifted step by step from the low point, with rebound highs continuing to break upward in a standard upward structure, fully opening the medium- to long-term up channel. The pullback after touching the upper band of the range is only a technical reset during the uptrend, not a top-reversal signal.

Recommendation
BTC: 643-648 resistance, target 662-670
ETH: 1890-1870 resistance, target 1940-1980