7.23 BTC Evening Chart Observation

Today, the market tested the 66395 peak and then met resistance and pulled back. In the evening, trading volume shrank and the market traded within a narrow range, showing consolidation. Driven by rising US Treasury yields, sentiment in the market grew more cautious. Traders at higher levels gradually realized profits, and the bulls’ push upward lacked additional incremental capital to support it. In the evening, price action mainly focused on digesting positions, with no one-way trend.

In the short term, the downside is suppressed within the range of 65600-66100, while 66500 is a phase-level strong resistance. Below, the core supports are 65000 and 64700. The 7-day moving average forms a dynamic floor—if there is a pullback to key areas, there is support entering the market. As long as the price does not effectively break down beforehand, the medium-term consolidation structure remains intact. Short-term indicators are weak, and there is a possibility of further testing the lower support.

Evening reference ranges:
1、For a rebound 65600-66100, set defense above 66500; targets are 65000 and 64700;
2、For a pullback 64700-65000, set defense below 64300; targets are around 65500. #BTC