7.23 BTC early-morning analysis:

BTC is gradually scaling in around 66,500/67,000, targetting 65,200/64,800.
If you want to go long (do), you can set up around 65,000, stop-loss at 64,500, with targets at 66,500/67,000.

In an earlier round of upside, BTC surged to the stage high at 66,284; after that, the short-term bullish momentum quickly faded, and the market shifted into a step-by-step pullback. It only saw a stop-and-rebound after dipping to 65,707.

From the Bollinger Bands structure, after the price pushed higher, it kept moving along the Bollinger midline, which continued to slope downward. The pullback reached the lower-band support before stabilizing and repairing. The current rebound is just testing the midline resistance; the overall large-scale downtrend structure has not been broken. This rebound rise is only a technical retracement after a big drop.

Looking at the MACD indicator: current DIF is 1.0, DEA is 0.1, and MACD value is 1.6. The do momentum is in a weak equilibrium state; the bullish rebound volume is insufficient. The indicators have not formed a strong bullish reversal signal, and sell pressure above remains heavy.


In the range-retracement rebound phase, avoid heavy trading and betting on a one-way reversal. Be patient and wait for the price to reach key support and resistance levels before entering again, and strictly manage risk with a proper stop-loss. $BTC #特朗普警告9月政府停摆 ‌