7.22 Midday Thoughts

This morning, Hangqing’s intraday volatility narrowed. It stayed in a low-volume, sideways consolidation in the 66,000-67,000 range. This is a quiet digestion phase after a prior rally and breakthrough.
66,000 is a key breakout-and-retest support at the 1-hour level. Currently, price is oscillating above that support. In essence, the market repeatedly verifies the strength of the support.
Two possible scenarios for the future:

If it continues to consolidate sideways on shrinking volume and closes with a lower-wick candle that stabilizes, with support confirmation remaining effective, then there is room for further upside.

If volume surges and 66,000 is broken and retested in succession, the short-term “double top” structure will be damaged, and Hangqing will shift into a deep pullback.
From the 4-hour cycle, the overall center of gravity is steadily lifting, and the larger “double top” structure has not broken down. 66,000 is the dividing line for short-term strength and weakness.

After his brother (Erge) surged to the 1,953 high yesterday, he gradually pulled back. In the early morning, around 1,910, he completed a stopping/reversal and stabilized. In the morning, there was a small increase in volume as price returned to around the 1,930 area. The pullback resistance is stronger, and the downside support is firm, with the trend moving in sync with his elder brother.
His elder brother: do the “double top” around 65,700-65,400
Targets: around 67,100-67,500
His brother: do the “double top” around 1,900-1,850
Targets: around 1,980-2,010#BTC突破66000美元 $BTC $ETH