7.4 BTC Analysis

On the hourly cycle, the moving averages show a healthy bullish divergence and the short- and long-cost tracks are rising in sync. Since the market started its rally from 61406, it has pushed to 62950 and met resistance; bullish momentum has weakened in stages. Repair-and-pullback candlesticks have emerged. The current price is holding above the short-term cost track, and the main upward trend has not been broken.

At the high, resistance was marked by a “shooting” pressure-type candlestick. Then, the next two bearish candles completed digesting the rise. The current candlestick’s range is contracting, and bulls and bears have entered a box-range grinding and contest phase. The upper resistance pivot zone is 62900-63000. Only a volume-backed breakout can open further upside space.

The KDJ indicator has formed a top bearish divergence and a pullback structure. The three lines move down together into a neutral repair range, and there is a short-term need for a retest and washout. The short-term trading range is locked at 62400—62900. 62400 is the short-term cost defense level, and the 62100 medium-term moving average is the lifeline of the bullish trend.

Trade mainly with range-based swings. In the medium term, the bullish structure remains intact as long as it holds support at 62100. If this effective break below the bull-bear dividing threshold occurs, the current upward swing will shift into a deeper pullback correction.

As long as the previous high is not broken around 62800, you can lightly short and test! For a conservative approach, watch 63000-635000. The swing target is 61000-61500. For the medium-to-long term, watch the 58200 previous low. $BTC $GT $ETH #非农爆冷打压加息预期