### 7.1 Morning Bitcoin Market Analysis

Ahead of the U.S. stock market open on Tuesday evening, the BTC price slowly slid and broke below the 58700-59000 support zone. It was immediately followed by a surge in sell volume, pushing the price below 58500. After that, although the BTC price bounced slightly back above 59000 following the U.S. stock market open, it did not last. The continuous pressure from the sellers quickly drove the price back to around 58500. In addition, throughout the early morning, the price kept oscillating at that level and failed to return to the area above 59000. Since ETH had broken the recent high earlier on, it also lifted the lows significantly, causing it to fluctuate within the 1550-1580 range during the early morning. The same kind of situation keeps causing people to step into the trap repeatedly— the issue is not the market, but that you have never truly faced your own shortcoming in emotions.

In the current BTC 4-hour timeframe, the BTC price has just broken below the previous low to reach 57758, and it is temporarily forming a candle with a long lower wick. At one point, the sellers drove the price down to 57758, but it was then met with clear buying absorption, and the price quickly recovered back above 58500, suggesting that strong short-term support still exists around the 58000 area. After the earlier dip, when 58850 rebounded to 60300, it met resistance and then pulled back. Yesterday, it broke below the 58850 support, and today it went further down to 57758. Overall, the trend shows a downward shift in the center of gravity, with step-by-step testing of lower support. However, the appearance of this long lower-wick candle indicates that short-term downward momentum is weakening. The sellers’ first test of the region below 58000 was pushed back, but to confirm short-term support, the price still needs to pull back above 59000 and hold steady there. If the rebound lacks strength and it breaks below 58000 again, then the downside room will open further to 57000-57500. For ETH, continue to watch the 1550 support below. It is not ruled out that the sellers may carry out a second wave with an increased sell-volume move to probe lower. #预测世界杯英格兰VS刚果 $BTC