$BTC Coin Circle Academician: How Do the High-Level Selling Pressure and Bottom Support of 7.5 Bitcoin (BTC) Play Out? Latest Market Analysis and Operation Suggestions Explained

Bitcoin is currently at 63,100. The price keeps oscillating back and forth on the chart, and I believe many friends feel extremely uncomfortable. When it rises a little, they expect a big breakout; when it drops a little, they panic and fear further selling. Emotions can easily be driven by the K-line. At this stage, it is only a technical rebound after the decline; the larger trend has not yet completely reversed. Don’t let short-term rebounds get you carried away. Trading is inherently 70% waiting and 30% execution. If you can’t read the market, watch more and act less.

The daily K-line is currently in a rebound-and-repair phase above the Fibonacci support level of 58,030 from the earlier downtrend. The moving average system shows that the price is still below EMA15, EMA30, and EMA60, meaning the long-term downtrend has not been fully turned around. However, the MACD indicator has shown signs of a golden cross; southbound momentum is weakening, while northbound momentum is beginning to attempt a counterattack. The middle band of the Bollinger Bands continues to slope downward. Although the price has moved above the middle band, the upper and lower bands are still open, indicating the overall trend remains bearish. For now, the short-term rebound is viewed as a technical repair after the decline. The area around 72,620 is a strong resistance zone. You should focus on whether the rebound can break through and hold above that level.

The 4-hour K-line has already risen above the short-term EMA15 and EMA30. The current price of 63,106 is near the Fibonacci 23.6% pressure level of 63,882. The moving average system shows a turning-up trend: EMA15 has crossed above EMA30 to form a golden cross, initially establishing a short-term northbound trend. In the MACD indicator, DIF and DEA are operating above the zero axis, while the red histogram continues to expand, keeping momentum relatively strong. The Bollinger Bands are opening upward, and the price is moving along the upper band—showing that short-term northbound momentum is strong. However, note that there are multiple layers of resistance in the 63,882–66,750 range. During the rebound, if it cannot break through with increased volume, it will likely return to consolidation or a second pullback. For downside support, watch the 61,383 area.

Short-term reference:

If the price does not break below 62,000 to 61,500, go northbound. Stop loss: 61,000. Targets: 64,000 to 65,000.

If the price does not break below (i.e., fails to hold) 64,500 to 65,000, go southbound. Stop loss: 65,500. Targets: 63,500 to 62,500.

Specific execution should primarily follow real-time order book data. For more information, you can consult the author. Note that the article is published with a delay. These suggestions are for reference only; risk is yours to bear. ‌#预测世界杯巴西VS挪威