#美联储料7月29日维持利率不变
In the morning, the big pancake rally failed to carry through, lacked strength, and fell into range-bound trading. Don’t chase after a break—keep your hands off when it breaks the trend line.
7.22 BTC Morning Analysis
Last night, Bitcoin surged to around 66,950 but then faced pressure and maintained a sideways range. In the short term, upward momentum has weakened somewhat. During the Asia session, there’s no major data to speak of, so overall price action is mainly driven by technical factors.
Current short-term momentum has somewhat recovered, but the bearish structure on the daily timeframe has not been changed. Overall, price remains suppressed by rate-hike expectations, so a one-way rally is unlikely.
For the short-term, key resistance to watch is the area above 66,600 and 67,000. If price continues to face rejection and fails to break through, it is likely to continue with pullback and consolidation. Support below at 66,000 and 65,500 will be under ongoing tests for how strong the bid is. As long as those levels can hold, it should remain a range-trading market with back-and-forth moves.
In the morning trading plan, we still prioritize a high-short strategy. For more conservative traders, it’s recommended to wait for a rebound into the resistance zone around 66,600 and 67,000 to place short positions. Targets to look at are the 66,000 and 65,500 areas.
The above is only personal advice for reference and does not constitute investment guidance. Please follow the specific plan from Cheng Jingsheng Shipan for details! $BTC
#BTC
In the morning, the big pancake rally failed to carry through, lacked strength, and fell into range-bound trading. Don’t chase after a break—keep your hands off when it breaks the trend line.
7.22 BTC Morning Analysis
Last night, Bitcoin surged to around 66,950 but then faced pressure and maintained a sideways range. In the short term, upward momentum has weakened somewhat. During the Asia session, there’s no major data to speak of, so overall price action is mainly driven by technical factors.
Current short-term momentum has somewhat recovered, but the bearish structure on the daily timeframe has not been changed. Overall, price remains suppressed by rate-hike expectations, so a one-way rally is unlikely.
For the short-term, key resistance to watch is the area above 66,600 and 67,000. If price continues to face rejection and fails to break through, it is likely to continue with pullback and consolidation. Support below at 66,000 and 65,500 will be under ongoing tests for how strong the bid is. As long as those levels can hold, it should remain a range-trading market with back-and-forth moves.
In the morning trading plan, we still prioritize a high-short strategy. For more conservative traders, it’s recommended to wait for a rebound into the resistance zone around 66,600 and 67,000 to place short positions. Targets to look at are the 66,000 and 65,500 areas.
The above is only personal advice for reference and does not constitute investment guidance. Please follow the specific plan from Cheng Jingsheng Shipan for details! $BTC
#BTC
