7.21 Market Flow Analysis

BTC “Silk Road” reference layout
Entry range: around 65,700—66,000
Support/Reference level: above 67,000
First target: 64,500, second target: 63,800

After a sharp rally overnight, the market quickly pulled back. Once the upward momentum was fully exhausted, the market immediately shifted into a tight-range, sideways consolidation pattern. Currently, market volatility continues to narrow, and price has rebounded to key resistance levels. Bulls and bears are fiercely competing here. Market flow has shifted from an edge-leaning trend to a range tug-of-war, and we’re waiting for the next breakout to determine the direction.

This rebound lacks support from sufficient “zijin” volume/energy. Dense overhead trapped positions have piled up, and moving averages form a double-layer resistance, leaving very limited room for upside. Technical indicators highlight a clear short-term overbought signal, making a bull counterattack highly likely. In execution, still adhere to the approach of buying on higher rebounds and selling with discipline; do not chase rising prices. Wait patiently until the rebound touches the resistance level and then pulls back under pressure—only then select the right time to enter and plan the next moves. #ETH突破1900美元 #星舰本周四重新挑战发射 #NansenCEO看多苹果 $BTC $ETH