7.21 BTC analysis

Analysis: Short in the 655-660 range, target 645-635; defense 665
The US Fed is currently in a blackout period ahead of its rate decision. The market’s ongoing high interest rate expectations continue to suppress risk assets. Incremental “zijin” liquidity within the market is scarce, and there isn’t a foundation for a sustained rally. Today has no major data catalysts; price action is entirely driven by technicals. On the four-hour chart, the price has risen slightly, but every time it reaches the resistance zone, heavy sell pressure emerges. There’s no strength to push higher, and there isn’t enough bullish follow-through. The rebound is a weak corrective repair; when it rebounds to the resistance band, you can short it accordingly. #GUSD年化升至3.8% $BTC ‌