7.22 morning analysis

On Tuesday morning, the market surged to 66,924 and 1,953.64, then faced an orderly sell-off that triggered an exit from the highs; the price entered high-level consolidation and then retreated. In the evening, it quickly dropped to complete the washout; buy-side support kept stepping in, the low-point support held effectively, and the market turned upward again to rebound. On the one-hour cycle, the long-side macro structure remains intact; the short-term pullback is only a technical correction within the broader upmove. ETH is recovering in sync with BTC, and the rebound strength has been somewhat restored.
The 15-minute Bollinger Bands have reopened upward; the price has held above the Bollinger middle band, and short-term bullish momentum has returned. The previous round of selling pressure was fully released; after probing the low, the low points have been steadily lifting. The candles have been continuously closing green, regaining lost ground. Currently, the price is approaching the prior high area, where there is short-term overhead sell pressure; it’s not suitable to chase longs directly—wait for an opportunity to buy on a pullback into the support zone. The line between strength and weakness still mainly refers to the Bollinger middle band; as long as support is defended, the bullish trend will continue. If it breaks down again, the market will return to high-level consolidation.
BTC pull back to the 66,100–66,450 range