7.27 BTC early session order book observations

In the morning, risk appetite in the broader market has recovered. The price rebounded and held above the 65,000 level, with geopolitical easing easing the prior pressure. Funds have returned to the market slightly. However, this week, key interest-rate related news has not yet landed, so the longs’ attack momentum is limited. In the short term, the market is mainly focused on repairing the range-bound consolidation, making it difficult to see a one-way, big surge higher.

In the short term, the bearish pressure range is 65,300–65,800, and 66,300 is a key stage strong resistance. Downside core supports are 64,500 and 63,660. The prior low-level bids have been firm, and there has been no effective breakdown of the earlier mid-term consolidation structure. Short-term indicators are repairing from low levels, so rebound potential exists, but it is constrained.

Morning reference ranges:
1、Rebound 65,300–65,800, hold defensive above 66,100, targets 64,500 and 63,660 箜;
2、Pull back 64,500–63,660, hold defensive below 63,200, targets around 65,500 哆。
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