7.22 BTC early-morning analysis:

BTC has been buying lightly/gradually near 66,500/67,200, with targets looking toward 65,800/65,000.
If you want to go long, you can buy lightly/gradually near 65,000, set a stop loss at 64,580, with targets looking toward 66,500/67,200.

BTC started a round of continuous rally on July 20. After surging to the phase high of 66,924, the long-side breakout momentum quickly weakened. The current price is still supported by the short-term Bollinger middle band to maintain a weakly bullish structure; however, the candlesticks have repeatedly closed with ranging doji lines and small bearish candles. The strength of the bulls continuing to push upward has clearly weakened. Signs that the rally is turning at the high are gradually appearing, and in the short term there is a need for a pullback and correction. The market has shifted from one-way upside to range-bound consolidation in the high-price area.

From the order book/market structure perspective, MACD currently has a DIF value of 5.5, a DEA value of -10.2, and a MACD histogram value of 31.5. Long/short momentum is beginning to show divergence. High-level volume momentum is not keeping up. Every time the price touches the Bollinger upper band, it will face pressure and pull back; when it pulls back to the lower band, it receives only a brief support. The characteristics of tug-of-war within the range are very pronounced.
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