7.27 BTC order book screen summary

Direction: Spike up then pull back, short-term pressure; prioritize rebounds rather than chasing

Support/Control: Around 65,200-65,300; stop-loss at 65,500; targets 64,200/63,800.

After yesterday’s BTC spiked to 65,555 and then continued falling, the current price is around 65,132. On the 1-hour timeframe, there have been consecutive bearish closes; short-term upside momentum has weakened. Overhead sell pressure has started to show. The MA7 at 65,200 has already broken down; the short-term structure is weak. Below, watch the MA30 (about 64,200-64,300) support area.

On the news front, U.S. Treasury Secretary Bessent said the Digital Asset Regulatory Clarity Act is at the “one-yard-line” stage and is about to pass, which prompted a temporary spike in Bitcoin to 65,555. BlackRock once again increased its holdings by about 1,200 BTC to its IBIT ETF wallet yesterday, worth approximately $78 million. However, international oil prices continued to rise due to the situation in the Middle East, and the 10-year U.S. Treasury yield also climbed to 4.63%, which puts some pressure on risk assets and reduces the willingness to chase higher prices.

If the price rebounds to 65,200-65,300 (near MA7) and fails to break through with volume, consider flipping and taking the support position. If 64,200-64,300 (near MA30) cannot stabilize, then more downside space may open up, looking at 63,800-63,600.

Key range: 64,200-65,300$BTC #直通IPO第二期JerseyMikes