$BTC 7.6 Crypto Quick Report

Weak non-farm payrolls continue to support the market with easing expectations. BTC currently at $63,100, narrow range consolidation at highs. After the previous oversold rebound, upward momentum slows. ETH and AI altcoins show slight divergence. 24-hour short covering concentrated. Market sentiment shifts from extreme fear to neutral. MSTR stabilizes in high-level consolidation. Galaxy institutional research report points out that the company selling coins to save itself only briefly alleviates interest payment pressure. The structural problem of high debt has not been fundamentally resolved. The medium-to-long-term concern of coin selling still caps the rebound height.
The capital side sees a turning point. Spot ETFs end continuous redemptions. Large tentative net inflows appear. But only institutions are bottom-fishing on the left side; retail investors are heavily wait-and-see. On the macro front, September rate cut expectations remain above 70%. The US dollar and US Treasury yields are running at low levels. This week, the Fed meeting minutes will be released. Officials' statements will dominate short-term volatility. Compounded by repeated geopolitical tensions in the Middle East, market volatility increases.
Large BTC transfers by on-chain whales trigger sell-off concerns. Technical indicators are overbought in the short term. Resistance to the upside at 63,800-64,200, support at 61,500. Operational thinking: mainly range-bound trading, do not chase highs, short lightly at resistance, go long on pullback to support, strictly use stop-loss. Only if it holds above 64,500 with volume then consider trend continuation.
Risk Warning: Crypto assets are extremely volatile. This content is for informational reference only and does not constitute investment advice.