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Tungge 7.23 BTC outlook
Enter the range near $BTC 663-668, cut the loss at 673, first target 650, second target 640.
The market surface has started to change. Earlier, it bounced to around 670. This level is one that Tungge has consistently emphasized as a pressure zone where there was repeated back-and-forth in the earlier phase.
After the price touched it, instead of breaking out strongly, it started to fall.
It’s not scary if it can’t push up; the key is whether there’s continued capital to carry the move after the high.
Now the 1-hour trend is weakening, and the short-term rebound pace has started to slow. The 4-hour chart has also entered a phase of digesting the pressure.
For the bigger picture, first look at resistance. Don’t rush to guess the bottom. Multiple failed tests at high levels show that sell pressure above is still there. #BTC突破66000美元