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7.22 early morning thoughts
Driven by the ongoing escalation of geopolitical conflicts in the Middle East, the market has kicked off a round of repair and rebound. During the day, the price successfully broke through the 66,000 level and held steady. If it continues to steadily break through 67,000, this major resistance level, the price will likely extend higher again, and the overall trend will remain in a bullish structure.
Looking back at the four-hour cycle, the market has shown a slow upward trend. The Bollinger Bands’ opening has continued to extend upward, and the price is testing the upper band pressure zone. MACD bullish momentum keeps expanding. In the future, after the price pulls back to test and consolidate the Bollinger middle band as support, it should continue higher to challenge the 67,000 key resistance level.
Big bro pulls back to 65,500, 66,000 holds firm, watching 67,000, 68,000.
Second bro pulls back to 1,880, 1,910 holds firm, watching 1,950, 2,000$BTC