### 7.2 Morning Bitcoin Market Analysis

In the early morning, the price steadied around 60000. The pullback from the top did not significantly affect the rebound; instead, as it neared this morning, it saw a fresh upward breakout, reaching a recent high of 61322. This test above met with overhead pressure and, overall, did have an impact. However, the rapid pullback also shows that the pressure created around the 61000 area should still not be underestimated. Ether’s earlier standalone breakout had already lifted the overall trend. This time, it also followed along with BTC and rebounded upward after breaking out again, once more bringing a recent high of 1645. After losing money on the earlier move, the most dangerous mindset is unwillingness to accept it. Driven by the desire to quickly earn back what was lost, people keep increasing their position size and frequently switching targets—yet they don’t realize their own emotions are dominating the decisions. The result is compounding mistakes.

Now, on the BTC 4-hour chart, it forms a combined structure of “second pullback confirmation + a rebound from the low.” This rally echoes yesterday’s long lower-shadow candlestick at 57758. Both intraday dips were supported and pulled back by buy orders, indicating that there is indeed clear follow-through demand. In the short term, the center of gravity of BTC’s movement has shifted upward, but the broader “head/body” structure has not yet been fully formed. If, going forward, it can maintain increased volume and effectively break through 61300, then the rebound space may be further opened up to the 62000-62500 range. At that point, the 4-hour bearish structure would be truly broken. Ether’s high moved up first and BTC advanced ahead of it; although the effect at lower levels is not very obvious, support is still there, and resistance overhead can be seen at 1650. #Circle股价重挫17%