7.24 BTC market overview



Bias: The pullback continues; short-term bears are in control, and rebounds should be capped.

Spot (Do): Around 64,500-64,600; stop-loss at 64,300; targets 65,000 / 65,200.
Trap (Kong): Around 65,100-65,200; stop-loss at 65,400; targets 64,700 / 64,500.

After BTC surged to 66,284 yesterday and then kept falling, the current price is around 64,636. It has already broken below the MA(30) level of 65,000. On the 1-hour timeframe, it has continued closing in red candles, and the short-term bearish structure is intact. Below, watch the 64,500-64,600 support zone.

Overhead, 65,100-65,200 is the short-term resistance area (near MA(7)). If the rebound returns to this zone but cannot break through with volume, you may consider taking the opposite side. If the 64,500-64,600 support zone cannot hold, further downside space may open, looking at 64,200-64,000.

Key ranges: 64,500-65,200$BTC #布伦特原油重返100美元
BTC-0.43%
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