7.22 Chen Jie Big Pancake Morning Analysis

The funding situation has continued to stay in a strong uptrend. BTC net inflow funds have reached as much as $792 million, and even after the breakout, the main funds still maintain a strong willingness to keep taking orders. The order book imbalance is +82.45%, with buy-side limit orders holding an absolute advantage. The funds supporting the bids below are very solid, and the market’s bullish consensus is extremely strong.

Currently, the BTC price is trading around 66,680. On the 4-hour timeframe, after breaking the previous high, BTC continues to expand upward for more room, with the highest point reaching 67,100. The moving average system MA7 (66,050) and MA30 (64,850) are showing a standard bullish divergence arrangement. MA7 continues to move upward and forms strong support for the price. After a short-term spike, the consolidation and slight shakeout at the high levels—while common during bullish periods—indicates strong bullish consolidation. The large-timeframe uptrend structure remains intact. For the morning, the plan is to stay confident and follow the trend by placing long positions on pullbacks.

Trading Strategy
Go long around 65,800-66,500, targeting 67,150-67,650-68,150; buy the dip at 65,200 #btc $BTC