7.24 Jack Morning BTC Market Overview Analysis and Strategy

In the early phase, the market surged to a high of 65,793.7, then immediately turned and moved downward. A single large bearish candle broke the previous consolidation range. The moving averages also turned down in sync, and the overall trend directly shifted into weakness.

After that, the price kept falling and bottomed out at 64,636. It then entered a phase of consolidation and recovery, during which bulls and bears repeatedly battled. It tested the moving-average resistance above several times, but the rebound strength was limited. The highs kept making lower highs, and the moving averages consistently suppressed upward price movement.

Currently, the price is trading in a narrow range around 65,098. The short-term mild recovery is only a rebound after the big drop; the overall bearish structure has not changed. Next, the key is to watch the support at the 64,636 low. If that support is broken, a new round of downside adjustment space will open up. To reverse the weak bias, the market needs to hold above the moving-average resistance zone and show a sustained upward trend.

Trading recommendation: do within the range
Trading range: 64,000–65,000
Defense stop-loss: 63,000
ZhiYing staged orders:
第1️⃣芷莹目标：65800
第2️⃣芷莹目标：66,500#区间 #大饼 #比特