7.2 Intraday Bitcoin Market Summary

Today’s trend first stabilized near the support level, laying a foundation for the subsequent rebound. After starting around 60000, it was pushed higher step by step with consecutive small bullish candles, and in the evening it accelerated further with increased volume to reach the current intraday high of 62180. Now in the short term, it needs time to digest the sell pressure above 62000. The current price is still in the high area since the rebound from 57758; overall, the trend is somewhat bullish, but the release of upside momentum is not very obvious. This rebound from “YiTai” is also quite strong—after smoothly breaking through the 1700 level, it has once again set a recent high at 1725. The market does not reward those who are always there; it only rewards those who know when to step out in time.

Now on the 1-hour timeframe, the bullish momentum for “DaBing” is gradually slowing down, and the KDJ reading is also in the overbought zone, indicating that some pullback and correction are likely needed next. After the pullback, it will most likely range and consolidate around 61000-61500. If it breaks below 61000, continue to watch the support at the 60000 level. Although this rebound was not as fast as expected, it has opened up some upward room, and has provided effective support for the later push toward 63000. In the short term, first look for confirmation of support at 61000; if it holds, continue to follow the “YiTao” approach, and the target can be temporarily watched around 62500. “YiTai” is also expected to further surge toward the 1750 resistance level, with support around 1680 to be watched on the downside. $BTC #GateCard上线积分体系