7.1 Evening Bitcoin Market Analysis

In the afternoon, BTC failed to hold above 59000, and the continuous weakening of the upside momentum limited the rebound strength. However, the subsequent pullback did not turn into an effective offensive. Judging from the candle close positions, lower wicks appear frequently, indicating that the support below is forming strong resistance to the current bearish move. Now, on the 1-hour timeframe, KDJ is gradually approaching the oversold zone, and the demand for rebound correction is also accumulating in parallel. MACD has not yet fully formed a death cross, so there is still potential for the downside momentum to continue releasing. In the short term, if the downside move cannot increase volume to break through and take the 58000 support level, it is not recommended to open shorts too easily. If the 59200-59300 range confirms resistance pressure and pulls back, you may consider entering a light position following the move. $BTC #特朗普披露持有超1亿美元BTCETH $ETH