7.23 Big Biscuit Chart Market Sentiment Analysis

Big Biscuit “Silk Road” Reference Layout
Entry range: around 65,600—66,100
Exit/Stop: above 66,500
First target: 65,100, second target: 64,900

Yesterday, the first target at 65,700 was hit, but the chart didn’t even give a decent rebound. The bulls lay flat the whole time. What did I say? A market pulled up with no volume—everything is paper walls; one poke and it breaks.

Let’s review the past few days: price goes up without volume expansion, and when it falls there’s no real braking. The market’s positioning is lower step by step. Now the market is stuck hovering below 66,000, unable to even reach back to yesterday’s high. The bulls don’t even have the strength to fight back.

Today, this range of 65,600—66,100 is exactly pressing on top of the head of yesterday’s rebound. The trapped positions above keep stacking up thicker and thicker—whoever pulls it up will end up doing the “liberation army” job. As long as 66,500 isn’t broken, the short-side structure stays unchanged, and rebounds are just sending opportunities.

First look at 65,100; if it breaks, it’ll head straight to 64,900. Don’t ask how far it will drop—just remember: the bulls haven’t hit rock bottom yet. Once they’ve finished cutting (selling), I’ll naturally talk about the reversal. For now, keep looking short. $BTC