Crypto Academician: How do high-level selling pressure and bottom support play out for 7.6 Bitcoin (BTC)? Latest market analysis and trading recommendations explained

Bitcoin current price is 62800. The larger downward trend has not been completely reversed. In the short term, any rebound is ultimately only a market correction—do not treat a rebound as a reversal. If you trade futures, you must set stop-loss as the bottom line, keep your position size light, and do not heavily bet on direction. For friends holding spot, there is no need to be overly anxious; during the ranging phase, just hold patiently. The market never lacks trading opportunities. Guard your principal and keep your mindset steady—this matters far more than chasing short-term up-and-down moves.

The daily K-line is in a rebound-repair phase within a downtrend. Price is still suppressed by the EMA15 and EMA30 moving averages, and the short-term moving average group is arranged in a bearish order. The strong resistance overhead is at 72620 (Fibonacci 78.6%). The key support below is at 58030 (100% retracement). In the MACD indicator, DIF and DEA are still below the zero axis, but the green bars have clearly shortened, indicating that bearish momentum is weakening, with signs of a potential golden cross. In the Bollinger Bands, the middle band continues to decline; price oscillates near the lower band. Overall, the larger trend remains bearish, but there is a short-term need for rebound repair. Be alert to the risk of a second dip after the rebound.

On the 4-hour K-line, the market has already shown a short-term rebound that started from 57758. Price has regained the EMA15 moving average, and the short-term moving average group has turned upward, showing a bullish arrangement. The first resistance above is at 63882 (Fibonacci 23.6%). If it breaks through, it may challenge the 67503 area. The support below is near the lower Bollinger Band at around 61210. In the MACD indicator, red bars appear above the zero axis, but momentum is starting to weaken, and DIF shows signs of turning downward. The Bollinger Bands are contracting, and price is trading near the middle band. In the short term, the long-versus-short game is intensifying, with insufficient rebound momentum. In a slightly bullish ranging structure, pay attention to whether the 62000 level can be held.

Short-term reference:

If price does not break below 62000 to 61500, go long to the upside; stop-loss at 61000; targets at 64000 to 65000.

If price does not break below 64500 to 65000, go short to the downside; stop-loss at 65500; targets at 63500 to 62500.

For specific execution, rely mainly on real-time order book data. For more information, you can consult the author. The article is published with a delay; the suggestions are for reference only. Risks are borne by yourself.