7.21 Jack Morning BTC Market Analysis & Strategy

Today’s cycle bottomed out at the lowest at 64034, then continued to rebound and push higher. After reaching a high at 65788, it faced pressure and pulled back. The current price is around 65293, moving sideways in a narrow range. #币圈#
Several long-term moving averages are steadily supporting the current price, with strong bottom support. In the order book, the gap between long and short limit orders is not large, and the game between longs and shorts is relatively balanced. Above, the 65700 level is clearly acting as resistance; after two attempts upward, it failed to hold the high. In the short term, it is unlikely to break into a sustained rally. Most likely, the market will keep oscillating in the 64600–65700 range.

Don’t blindly follow just because there is a small rise. Focus on the 64600 support level. If this level is lost, the chart will likely enter a pullback wave.

Trading advice: trade within the range 🈳
Trading range: 66000–66500
Stop-loss defense: 67500
ZhiYing tiered orders:
第1️⃣ Take profit: 64500
第2️⃣ ZhiYing: 63500