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Evening of July 4, 2026 (price references valid only for that day)
Market tone: The recent short-term trend is a weak rebound. Currently, after surging below 63000, it has pulled back to the 62500 and 62300 range, testing whether there is genuine support in this area.
BTC key level: 62500
BTC daily bull-bear line: 62150
Upper resistance: 63000, 63600, 65200
Lower support: 62300, 61700, 60000

The recent short-term trend is a weak rebound. Currently, after surging below 63000, it has pulled back to the 62500 and 62300 range. The market is now testing whether genuine support can hold around 62500.
The core of this statement is not whether the price has bounced, but whether there is continued capital inflow after the price reaches this level. From the evening of July 3 to the early morning of July 4, the price rose to below 63000, but positions actually decreased. Now the market is oscillating the price around 62500, watching if new buyers are willing to take over.
In the short term, first watch 62500. This level is the current contention point. If the price can stabilize here, there is still a chance to test 63000 above; if 63000 is breached, the next level is 63600.
Below, first watch 62300, then 62150. 62300 is near the current pullback low, and 62150 is the daily MA20 and BOLL midline. As long as these two levels are not lost simultaneously, bears are not yet in full force; but if 62150 is also lost, 61700 will become the key 4-hour pullback support, and further down is 60000.
Therefore, today's market is not about a strong unilateral move. More accurately, the rebound height has already been achieved, but follow-through support is still lacking. For bulls to continue, they must hold 62500 and 62300 and regain 63000; otherwise, this rebound from 57758 will first enter a pullback test of 61700 and 60000.
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