7.27 Afternoon BTC Analysis

Market logic:
On the 15-minute timeframe, the rally pushed up to the 65722.5 phase high point, after which the bulls quickly lost momentum. A long upper-wick bearish pressure candle formed, and the price gradually pulled back from the high point. The upper band of the Bollinger Bands creates direct resistance. After a short-term series of sharp rises, incremental buy pressure has been severely consumed. During the upswing, volume increased, while during the pullback, volume slowly decayed. This round of rise is a terminal pulse in the late stage of a continuous rebound, not the start of a new sustained bullish cycle. At the high level, short-term profit-taking positions, sparked by the run-up, are gradually exiting, and sell pressure above is becoming more apparent. If the price cannot rise with volume and hold above the 65722 prior high, the pullback adjustment from the spike will continue. Downside to watch: the 65275 Bollinger middle band support; once it is effectively broken, downside room will open directly, targeting the 64950 range.

Entry zone: short around 65650-65720. First target 65250, second target 64950. Stop-loss 65820

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