$BTC 7.22 Crypto market daily analysis

⚠️Risk warning: Crypto assets are highly volatile. The content is for market reference only and does not constitute investment advice. High-leverage contracts can easily lead to liquidation.
BTC current price is $65,630. During the day it surged to around $66,800 but met resistance and pulled back. At the highs, long positions’ profit-taking was concentrated and cashed out. In the short term, momentum shifted from strong to ranging. After the earlier breakout, the pullback-and-digest phase has begun. ETH also fell back to $1,892, with performance weaker than BTC. Market differentiation is intensifying: major coins are collectively pulling back, small-cap altcoins face heavier sell pressure, and capital quickly seeks safety. The appetite to chase prices inside the market has clearly cooled. BTC spot ETFs remain net inflows, but the pace of funds entering the market has slowed. Signs of institutions realizing profits on rallies are emerging. Whether the rebound can sustain needs to be validated by continued incremental inflows.
Macroscopic bulls and bears continue to fight. The Federal Reserve has entered a silent period ahead of its interest-rate decision. The market generally expects rates to remain unchanged by the end of July. Middle East geopolitical risks are continuing to push up oil prices, and inflation concerns have not been eliminated. U.S. Treasury yields are oscillating at high levels, continuously suppressing the upside space for crypto assets. In the short term, upward momentum has weakened; the probability of high-range consolidation and shakeout is increasing.
Key levels: BTC resistance at 66,500-66,800, support at 65,000 and 64,300. ETH resistance at 1,930, support at 1,840.
Trading approach: If it rallies then turns down, be alert to further pullbacks—strictly no chasing. For holders, gradually reduce positions to take profit; spot positions should patiently wait for the pullback to support before scaling in in batches. For perpetual contracts, strictly control leverage; in the upper pressure zone, test-short with a light position. Altcoin risk appetite is high—avoid as much as possible. In the evening, pay close attention to intraday pin-like moves triggered by volatility in U.S. stocks and U.S. Treasuries.