7.23 Morning BTC

BTC has been under continuous pressure on the 4-hour chart, running sideways and lower; multiple tests of the 66,300 resistance level failed to hold. A push higher was followed by a drop, forming a long upper-wick K-line. Selling pressure above has become prominent, and the pace of short-term bulls’ attacks has slowed somewhat.

Technically, DIF and DEA have formed a death cross, suggesting the short-term market still needs repeated consolidation and reorganization. However, the MACD green histogram bars are gradually shortening, and bearish momentum continues to weaken. This round of correction is highly likely nearing its end, and the market has the conditions for rebound and repair.

Positioning reference: go long at the 65,200-65,500 range for the first target at 67,300. If there is an effective breakout, further upside may look toward 68,000#SEC警告链上借贷或涉证券监管