7.21 Big Pie Evening Chart Observation

During the day, it surged to around 66,420, then came under pressure and fell back. In the evening, the price has been consolidating in a high-range just above the 66,300 level. Although capital continues to flow in, the added amount during the rally phase is insufficient. Repeated attempts to test the overhead resistance failed to break through with a volume expansion. Short-term upside momentum is gradually weakening; in the evening, price action is mainly range-bound consolidation, with no one-way trend.

The near-term suppression range is 66,100–66,500, and 67,300 is a strong mid-term resistance. The key supports below are 64,800 and 63,800. Short-term moving averages continue to provide support. Each time the price pulls back to the support area, there is capital stepping in. As long as it has not effectively broken below, the overall structure of the range and repair remains intact. Indicators on the shorter cycle show a slight overbought signal. After sustained inability to push higher, a pullback and shakeout may be needed.

Evening reference ranges:
1、Rebound to 66,500-67,000, with defense above 67,500; targets are 64,800 and 63,800;
2、Pull back to 63,800-64,800, with defense below 63,100; targets are 65,500-66,000.
#BTC