$BTC 7.4 Crypto Circle Daily Analysis

⚠️Risk Disclaimer: Cryptocurrencies are highly volatile. This content is for market reference only and does not constitute investment advice. High-leverage futures contracts may lead to liquidation.
BTC is currently at $62,580. The weaker-than-expected non-farm payroll data triggered an oversold correction. It surged to $62,980 in early trading but faced resistance and pulled back, maintaining high-level consolidation in the short term, with a slight 24-hour increase. ETH rebounded to $1,760, outperforming Bitcoin. Major altcoins saw minor gains, while small-cap coins showed clear divergence. The market Fear & Greed Index is at 25, moving out of extreme fear, but institutional ETFs still have sporadic outflows. Exchange BTC deposit volumes have surged, raising short-term volatility risk.
Macro: The U.S. Dollar Index weakened, with the September rate hike expectation dropping to 45%. U.S. Treasuries and U.S. stocks are closed today for Independence Day, leaving the market without external guidance. This rebound is merely a liquidity repair; the medium-term bearish structure has not reversed, and the high-interest-rate cycle is not fully over.
Key Levels: BTC short-term resistance at 63,000, support at 62,000, with strong support below at 61,200. ETH resistance at 1,780, support at 1,708.
Trading Strategy: Do not chase long positions or buy the dip. Wait for spot positions to see pullback opportunities. For futures, take light short positions based on resistance at 63,000, strictly controlling leverage. Avoid altcoins due to lack of sustainability. With U.S. markets closed today, liquidity is weak, so beware of wick spikes.