7.22 Jack evening BTC big chart market analysis

The early peak of the main chart is at 66,092.59; afterward, the trend gradually weakened, with price continuously trading below the moving averages. The overall downtrend has already taken shape. During the process, small-scale rebounds kept appearing, but their strength was weak; it was never able to effectively hold above the moving-average pressure line—only a brief pause within the down phase.
Recently, after probing down to the low of 65,553.67, the price saw a slight recovery and is currently around 65,645. Next, the key is to watch the sustainability of this round of rebound. If it cannot break upward through the overhead resistance zone, the market adjustment is likely to continue.
In a market like this where the broader direction is downward, it’s not advisable to blindly bet on a rebound; the tolerance for counter-trend positions is relatively low. #大饼 #比特币