$BTC 7.4 Crypto Flash

Non-farm data weakening continues to ease tightening pressure, BTC holds above $62,000, intraday recovery rally, ETH strengthens in tandem, market panic sentiment has largely dissipated, shorts concentrated on closing positions. U.S. stock markets are closed today, MSTR maintains high-level consolidation, market concerns over the earlier BTC sale to pay interest have been temporarily digested, but the company's high preferred stock dividend pressure remains, and the medium- to long-term risk of coin sales has not been completely eliminated.

On the macro level, the market has lowered the probability of a rate hike in September, U.S. Treasury yields and the dollar weakened in tandem, while gold rose; on-chain data shows that BTC and altcoin exchange inflows have risen, increasing short-term volatility risk.

On the regulatory front, U.S. senators have proposed legislation to ban public officials from issuing Meme coins, tightening political-related crypto speculation; after the EU's MiCA regulations took effect, market liquidity continues to concentrate in top compliant platforms.

Institutional views are divided, with some investment banks lowering their medium- to long-term price targets for BTC. This rebound is merely a liquidity repair, with no large-scale entry of incremental funds, and the pattern of existing capital competition remains unchanged.

Trading strategy: Daily chart wide-range consolidation and repair, do not chase highs, resistance above at 62800-63500, on a pullback to support at 61000, go long with a small position and strictly set stop-loss; if it breaks and holds above 63800 with volume, then look for continuation of the uptrend, beware of profit-taking pullbacks at highs.

Risk warning: Crypto assets are extremely volatile, the content is for informational reference only and does not constitute investment advice.