Market Outlook & Commentary: BTC (2026-7-24) — Early Morning

Big “pie” is currently breaking below support. It has just touched the rising trendline and is now starting to range. In the short term, the 15-minute chart shows a very standard pattern. Looking at the price action, this cycle’s trend has been going on since the beginning of the month: three times in mid-month it bottomed out and rebounded upward, and so far it has continued to hold within the rising trend. Although the support at 65,500 has broken, there’s no denying that this month’s upside momentum has still been very impressive. By mid-month, the gain has already reached 15%. With the potential for a 10,000-point upside move, looking at the monthly chart, under such a rising trend, the bulls will most likely continue. In addition, at the end of the month there will be the Fed’s interest rate decision and the meeting announcements. So continue to maintain consistency in your trading! The bulls’ first target is to keep pushing and reach the 70,000 mark. The second target is around the prior high at 82,850.

Trading Strategy:
Even though in the short term price has hovered near the support zone, it has not managed to achieve a complete breakdown. The chart is still in a phase of support-building and gathering momentum. Keep the current bullish mindset—this is not yet the time to enter on the left side!
Big “pie” is ranging around 64,500–64,800. Upside targets are 65,500–65,900. $BTC #Gate事件合约首发狂欢 #夏日创作营 #英特尔Q2营收创15年最快增速