7.3BTC Afternoon Analysis

The hourly chart shows a clear Bollinger Bands structure. The upper track at 62173 forms a strong short-term resistance, the middle band at 61500 provides firm support and stabilizes, while the lower band continues to diverge upward. The overall channel maintains a bullish upward structure, with a solid support zone below. After a round of high-level consolidation and pullback, the price has formed a solid bullish candle based on the middle Bollinger band, showing short-term bullish momentum for a counterattack. Current quote:
61739, still a small distance from the previous high resistance!

The attached KDJ indicator shows a golden cross diverging upward, with short-term bullish momentum continuously released. However, the J value is approaching the overbought zone, suggesting a slight pullback after the surge!

In the short term, first watch for a breakout above the previous high of 62173. If it holds, the upside space will open. If it faces resistance and retreats, the middle band at 61500 is the core defensive support. As long as it remains unbroken, the consolidation with a bullish bias will persist. For trading, do not blindly chase highs; it is safer to wait for a pullback to support before going long!

Resistance: 62173, 62500
Support: 61500, 61100

The US stock market is closed today, so just sell high and buy low within the range! #BTC $BTC