7.23 evening thoughts

Throughout the day, the overall execution maintained a choppy downward rhythm. The market is in a range-bound, sideways consolidation phase. Expectations on the macro interest-rate front have continued to weigh on prices, and in the short term it’s hard to see a sustained, one-way uptrend.

On the four-hour timeframe, there is still a technical rebound need, but the bearish positioning pattern on the daily timeframe has not changed. 65,000 is the key support level for the short term. The areas around 66,000 and 66,500 are the main resistance zones. During the US evening session, market fluctuations are often much more violent—be alert for sudden, intraday sweeps up and down.

Big brother, 66,200: under pressure; 66,800: under pressure—look down to 65,000, 65,000, 64,000.

Second brother, 1,950: under pressure; 1,980: under pressure—look down to 1,880, 1,820.
$BTC