7.21 BTC early-session market overview

Overnight, price volatility remained elevated and the trend edged upward. In the short term, BTC held steady above the 65,000 level. In the early hours, it surged to around 65,799, then faced pressure and dipped slightly back. Overall, it has been trading with a relatively strong range, with signs of funds returning, and solid buy support at lower levels.

The near-term pressure range is 65,600–66,000, and 67,300 is the medium-term strong resistance. The key supports below are 64,800 and 63,800. The short-term moving averages continue to provide support; as long as price does not effectively break below support, the rebound-repair structure remains intact. On shorter timeframes, indicators show a mild recovery in bullish momentum, but with limited incremental capital on the board, after a sharp push higher it is prone to a pullback and position “shakeout.”

Morning reference ranges:
1. Rebound to 65,600–66,000, defend above 66,300; targets 64,800 and 63,800;
2. Pull back to 63,800–64,800, defend below 63,100; targets 65,500–66,000. #BTC