7.21 Morning BTC “Big Cake” Analysis $BTC

Market Logic:
On the 15-minute timeframe, after rallying to a new high at the 65799 level, bullish momentum was clearly exhausted. A long upper-wick pressure candle formed, and the price fell back to trade below the short-term EMA7. The 7-period EMA and the 30-period EMA still remain aligned in a bullish upward order, but after a short-term impulse move higher, there has been a lack of incremental buy demand to keep the follow-through going. During the spike, volume expanded; during the pullback, volume contracted. At the highs, short-term profit-taking was concentrated and realized, and near-term sell pressure became apparent overhead. The current price is in a high-level consolidation and repair phase after the new high. If it fails to use increased volume to hold above the 65799 high-pressure level, a short-term deep pullback and repair move will start. On the downside, focus on the 65282 EMA support; once this level is broken effectively, the downward room will open directly toward the 64700 area.

Entry Range: Short around 65800-66300. First target 64800, second target 64000. Stop/defense at 66600
#GUSD年化升至3.8%