### 7.4 BTC Analysis

On the one-hour timeframe, BTC’s long-side bullish impulse is topping out and exhausting. After the 63438 peak forms an early-stage double-top pattern, price continues to drift lower under persistent downward pressure. The current price of 62730 has broken through the Bollinger Band midline center. The prior bullish defense threshold has flipped and turned into a selling-pressure holding zone. The upper Bollinger Band slope has turned downward, with convergence underway. The expansion cycle of the upward channel is completely over, and the unilateral bullish trend has entered a deep retracement-and-turnback cycle.

The accompanying chart shows the KDJ stochastic indicator’s stagnation death cross continuing to diverge. The K line crosses below the D line, releasing bearish momentum. The J value breaks below zero, entering a weak oversold range. The earlier high-level top divergence has completed bearish follow-through and realization, and there is currently no bottoming golden-cross stabilization signal. The K-line sequence’s highs step down progressively; even small rebounds are only bearish continuation pulses. The 63000 level has formed a short-term pivot support/resistance watershed and pressure point. The bullish side has lost continuity.

Looking ahead, maintain a bearish bias. On rebounds, sell short in the 63000-63500 resistance range. The first support lies at 62200. If it is effectively broken, look toward 61700. A deep pullback will test the 61220 stage low. At present, bottom-fishing against the trend is strictly forbidden. $SOL #非农爆冷打压加息预期