7.3 Evening Bitcoin Market Analysis

Judging from today’s full 1-hour Bitcoin movement, after the price has been ranging and consolidating in the 61300-61800 area for nearly ten candlesticks, it has now made a small rebound again. However, the trend remains steady, with no rapid surge. This also suggests that the overall consolidation structure is reaching its end—indicating that both the long and short sides have held back to the extreme, and they are all waiting for an external force to break the deadlock. From the positioning perspective, the prior high resistance at 62180 is still effective. The price has been compressed to the limit into an extremely narrow range below 62180. After such extreme compression, a directional choice is inevitable.

Considering that the U.S. stock market is closed tonight and the impact of the Non-Farm payrolls good news has already been largely digested, it is not worth chasing long positions from this level in terms of risk-reward. Also, the upside space is limited; even if it rebounds slowly to 62500, it is likely to face pressure. In terms of execution, either wait for a breakout above 62200 accompanied by an increase in volume and then follow on the right side with confirmation from the real body, or wait for a pullback to the 61300-61500 area and then enter only after a 15-minute stop-decline signal appears. In the middle range, it’s better to miss the trade than to do it wrong. Also pay attention to support in the 1730-1710 area, and above that, it needs to break decisively at 1750. $BTC #gStocks代币化股票上线 $ETH