July 23, 2026 (the reference levels apply only for that day)

#BTC Market tone:
The larger timeframe is still a rebound after a weekly selloff; the daily chart is in high-level consolidation after the rebound.
Today’s intraday action is a short-term rebound within a broad range of volatility.
After the breakout began, the net position added has basically returned to its original level, yet the price is still holding within the 65,500–66,000 range.

If it stands above 66,400 and the net position expands again, it can remain relatively strong; if the 4-hour chart breaks below 65,700 and the net position expands, it is relatively weak, and the second leg of the pullback will unfold after a break below 65,500.
$BTC ‌Key level: 66,000
BTC daily long/short balance line: 64,700
Resistance levels above: 66,400, 66,900, 67,500
Support levels below: 65,700, 65,200, 64,200