$BTC Crypto Academician: How do high-level selling pressure and bottom support in Bitcoin (BTC) play out? Latest market analysis and a breakdown of trading operation recommendations for 7.4


  
  Bitcoin’s current price is 62000. When you trade all the way to the end, it’s never just about how good the technical analysis is—it’s about whether your mindset is steady enough. The market is currently stuck in an in-between state, and many people can’t sit still. Some worry about missing the move, while others fear a deeper drop. This round of rebound has limited space. Overall, it remains in a range-bound, choppy structure, which is more suitable for short-term trades that go in quickly and exit quickly. When you trade, don’t be greedy for your target prices. Once you reach the expected resistance level, take profit and leave in time—don’t linger. If the market breaks below a key support level, also exit decisively with a stop loss. Avoid stubbornly “holding and toughing it out.” Many losses are caused by a mindset of wishful thinking.
  
  On the daily K-line, price is in a weak rebound phase within a downtrend. The price is currently being constrained by the EMA15 and EMA30 moving-average pressure. The key resistance above, near 72600, is the 78.6% Fibonacci retracement level, which is also the lower edge of the previous consolidation platform. In the MACD indicator, the DIF is still below the DEA. Although the histogram has shortened, downward momentum has not fully disappeared. The Bollinger Bands are overall forming a downward channel. Price has just touched the middle band; if it cannot effectively break through, it will most likely pull back again to test support at the lower Bollinger Band. On the daily chart, there is not yet a clear reversal signal, and it still mainly remains a choppy market with a bearish bias.
  
  On the four-hour K-line, the current price has moved above the EMA15 and EMA30 short-term moving averages, forming a short-term “northbound” alignment. The MACD indicator has already produced a golden cross, and the red momentum bars continue to expand, showing that short-term “northbound” strength is stronger. The middle band of the Bollinger Bands has turned upward, and price is trading above the middle band. Support below is around 60400. However, the 23.6% Fibonacci pressure level at 63882 shows clear sell-side pressure, and the medium-term EMA60 is still moving downward, suppressing the rebound’s upside room. This rebound looks more like a repair of the downtrend rather than a trend reversal.
  
  Short-term reference:
  
  As long as the price on the way up does not break below 60600 to 60000, set a stop loss at 59500, and the targets are 62500 to 63500.
  
  As long as the price on the way down does not break below 63500 to 64000, set a stop loss at 64500, and the targets are 62500 to 61500.
  
  Specific operations should be based on real-time order book data. For more information and details, you can check what the author has shared. The article has a publishing delay; the recommendations are for reference only—risk is borne by yourself. ‌#预测世界杯阿根廷VS佛得角
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