7.25 BTC early-session chart observation

After yesterday’s spike to a high of 66,900, the price continued to weaken. In the morning, it consolidated around the low area near 63,900. U.S. Treasury yields rose alongside capital outflows; at higher levels, concentrated profit-taking was triggered. Short-term long momentum weakened significantly. In the early session, the market will mainly test support levels to the downside. With weekend liquidity being weak, volatility is prone to amplify.

In the short term, the suppressing range is 64,500–65,000, while 65,700 is the key near-term resistance. The core supports below are 63,660 and 63,000. After the continuous pullback, short-term indicators have entered an oversold area, and there is interim support at the support levels.

Morning reference ranges:
1、Rebound 64,500–65,000; defend above 65,300; targets 63,660 and 63,000;
2、Pull back 63,000–63,660; defend below 62,700; target around 64,700.
#BTC