7.21 BTC around 65,700, QingCangYu near 65,700, target 64,700/64,200

If you want to do duō, you can do it near 64,200, stop-loss at 63,900, target 65,500/66,000.
BTC last night surged again to 65,788 and then pulled back; it’s currently maintaining range-bound trading above 65,000.
On the 1H timeframe, the price is still running above the short-cycle moving averages, but the consecutive surges failed to hold above 65,800.
This indicates that sell pressure from above is starting to strengthen, and in the short term it’s more likely to be high-level range trading with rotation/turnover.
On the news front, the market is still trading the expectation that the Fed will most likely stay put in July.
The cooling inflation data continues to support risk-asset sentiment, but funds have started waiting for more policy and macro signals this week, so the willingness to chase rallies has weakened.
My thinking remains unchanged: at resistance levels, don’t chase; at support levels, don’t short blindly—be patient and wait for the market to deliver profits into your hands.
The people who can truly go far aren’t the ones who can see the most accurately, but the ones who every time put risk behind profit. $BTC #BTC