7.4 Intraday Bitcoin Market Analysis

In the early hours of today, BTC at the 1-hour level finally saw a meaningful uptick in small volume, breaking through the 62500 pressure level and setting a new recent high at 62957. Our “wait-and-see” intraday approach has also been successfully played out. As previously reminded, the U.S. stock market was closed on Friday night due to Independence Day, so the market moved relatively slowly—so be sure to keep an eye on the early hours of Saturday. ETH also moved in sync, effectively breaking through the 1750 pressure level and reaching a new high here at 1775. If you can stand the loneliness of a sideways range, you can hold onto the upside gains.

From the BTC 4-hour level, this rebound that started from 57758 has already moved about 4800 points, and it is currently ranging around 62500. Now, sell pressure is starting to appear above 63000—there needs to be some digestion in the short term before pushing higher again. However, the current pullback on shrinking volume indicates that the sell pressure is not large; it is more of an active rhythm adjustment rather than a trend reversal. Next, we should first observe whether the 62000-62300 area can stabilize. This is the high-level platform before the breakout and also a reasonable target zone for this pullback. Once the 62000-62300 pullback shows a stop-loss/turning signal, then consider re-entering; for defense, you can refer to around 61500. For ETH, watch the support around the 1730 area below; on the upside, you can only tentatively look at around 1780. $BTC #gStocks代币化股票上线