7.23 Morning BTC Market Assessment

Currently, the price action is trading in a high-range zone. Long momentum is gradually weakening, and combined with external risk-off sentiment causing pressure, the overall market is weak and consolidating. In the short term, it’s more suitable to wait for a rebound to face resistance and then position for a short.
Market Overview
BTC current price 66,000; ETH current price 1,930. In the early morning, trading was quiet and liquidity was insufficient, increasing the probability of wick spikes. Short-term upside is difficult to sustain.
Key Logic
At high levels, there is a lack of incremental fresh buying to chase the market, while sell pressure above continues to be released. BTC support below is more resilient, and ETH volatility will be amplified. At this stage, there are no clear signals of a reversal into strength; rebounds are only technical repairs, so it’s not advisable to blindly chase longs.
Reference Plan
BTC
If the rebound reaches the 66,000-66,200 range, consider shorting; stop-loss 67,100; first target 65,500; second target 64,900
ETH
Place shorts in the 1,935-1,955 range after a rebound; stop-loss 1,985; first target 1,890; second target 1,855#BTC突破66000美元 $BTC