7.7


Yesterday, the weekly K line closed positively, above the support level. Institutions are relatively optimistic about the market outlook, but due to liquidity constraints, it is temporarily difficult to have a continuous upward momentum. The Federal Reserve's interest rate policy remains stable, and the inflow of funds into BTC spot ETFs is strong (approximately $14 billion since April), with long-term institutional allocation demand supporting prices. Historical data shows that July is a strong month for BTC performance (with increases in seven out of ten years, averaging a rise of 9.1%).
Big B: The MACD bears are decreasing in volume but the rebound strength is weak, a breakout with increased volume is needed. The Bollinger Bands are narrowing, if it stabilizes above the middle band (107,047), it may initiate an upward trend.
Support: 107500, Resistance: 110500
B: The Bollinger Bands are contracting on the 4-hour level, the RSI is neutral but slightly strong, and there is a slight golden cross in the MACD.
Support: 2510, Resistance: 2620
The U.S. tariff policy expires on July 9, and if the tax rate exceeds expectations (up to 70%), it may trigger market fluctuations. @everyone
BTC1.52%
B-1.23%
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