7.22 BTC: Pushing higher meets resistance, entering high-range consolidation; watch for washout risk



$BTC
Entry: Retrace to around 657–659, then go long; target 669–675
Entry: Bounce from around 669–675, then go long; target 658–650

BTC launched a wave of sustained upside on July 20, with the high briefly reaching 66924 to form a stage high point, after which upward momentum noticeably weakened. Price is temporarily holding a relatively strong stance by relying on short-term moving averages, but the candles have repeatedly closed in a series of consolidation doji and small bearish candles; the strength of the bulls pushing higher has weakened. After the spike, signs of a turn have appeared, and there is a need for short-term correction. The market has switched from one-way上涨 to a high-range consolidation and rotation phase#BTC突破66000美元 #加密银行Augustus融资1.8亿美元
BTC-1.87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned