7.2 Early Bitcoin Market Analysis

In the early morning, the price stabilized around 60,000. The bearish pullback did not significantly impact the rebound, and just before today's morning session, a new upward breakout occurred, hitting a recent high of 61,322. This test of the upper resistance has had some impact overall, but the rapid pullback indicates that the pressure around 61,000 remains formidable. Ethereum had already raised the overall trend with its earlier independent breakout, and now it has followed Bitcoin's upward rebound to break out again, reaching a recent high of 1,645. After a loss, the most dangerous mindset is unwillingness to accept it. Eager to recover losses quickly, one keeps increasing positions and frequently switching targets, unaware that emotions are driving operations, resulting in compounding mistakes.

On the 4-hour Bitcoin chart, it shows a "double pullback confirmation + bottoming and rebound" structure. This rally echoes yesterday's long lower shadow candlestick at 57,758. Both intraday dips were bought back, indicating clear support strength. In the short term, Bitcoin's trend has somewhat shifted upward, but the bullish structure has not yet fully formed. If it can maintain volume and effectively break above 61,300, the rebound room could further open to the 62,000–62,500 range, by which time the 4-hour bearish structure would truly be broken. Ethereum's high moving upward preceded Bitcoin's step, and although the low-level effect is not obvious, support remains, with resistance above seen at 1,650. #Circle股价重挫17%