7.21 early morning BTC analysis



This round of price action has already moved out of deep oversold conditions into a slow stretching structure. The bullish volume can be repaired in phases, but resistance is also appearing in stages above. If it cannot effectively break through the resistance level, it will be difficult to see a one-way big move. Do not blindly over-chase. Use a key level breakthrough as the baseline to plan the next steps.

Focus on the 66,000 integer threshold as the key resistance above.
If it cannot effectively break this resistance, the current range-trading structure will likely continue.
You may place short positions at the area where it fails to break, to ride the momentum and capture pullbacks for profit.

Focus on 64,500–64,000 as the key support below.
Once selling pressure eases and it stabilizes, if support holds, it will be a good opportunity for bullish positioning.

Market volatility has been relatively calm recently. If you see a sudden sharp rise or fall that quickly breaks key levels, exit and stand by at once. Avoid fighting against the trend while holding losses.
$BTC $ETH $XRP
BTC1.59%
ETH1.00%
XRP3.11%
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