$BTC 7.5 Crypto Daily Analysis

⚠️Risk Warning: Cryptocurrency is highly volatile. The content is for market reference only and does not constitute investment advice. High leverage in futures trading can lead to liquidation.
BTC is currently at $63,200. The positive non-farm payroll data triggered a four-day rebound, but it faces resistance at the $63,500 level and has repeatedly pulled back. The one-hour RSI has entered the overbought zone, bullish momentum is weakening, and a short-term correction is likely.
ETH is oscillating around $1,770. Major altcoins are slightly following the uptrend, while small-cap coins are highly divergent, lacking sustained capital clustering.
Market sentiment has shifted from extreme fear to neutral. BTC spot ETFs have ended a long period of redemptions and seen a small net inflow. Institutions are tentatively positioning at low levels, but no large-scale return of capital has occurred.
On the macro level, the weaker non-farm payroll data has significantly lowered expectations of rate hikes. The U.S. dollar and Treasury yields have both declined, temporarily relieving valuation pressure on crypto assets. However, rate hike expectations for September still exist, and the high-interest-rate environment has not completely reversed. U.S. stocks were closed yesterday, and today's market lacks external capital guidance, with weak liquidity.
Key levels: BTC resistance at $63,500, support at $62,800 and $62,200; ETH resistance at $1,780, support at $1,700.
Trading strategy: This round is just an oversold rebound. The mid-term bearish structure has not reversed. For spot, do not chase highs; wait for a pullback to support levels to accumulate. For futures, take a small short position near the $63,500 resistance with strict leverage control. Altcoins have poor sustainability; try to avoid them and be cautious of intraday wick movements.