7.6 Afternoon Bitcoin Market Analysis

After the price surged with increased volume and pushed higher, it met resistance at 63990 in the morning, stalled, and then began to pull back on shrinking volume. At the same time, we highlighted in the morning that you should watch the support zone between 63300-63000; once it stabilizes and we judge that the support is effective, then consider going in long, or alternatively, if price breaks through 64000 with a surge in volume, then follow on the right-hand side. Ethereum’s current pullback strength is limited. The 1750 support level has not been touched yet, but the pullback trend has not completely ended either. Wealth in the world never favors people who grow impatient—calm down, let your thoughts settle and your understanding deepen, and the good things will slowly come to you.

The current decline has not finished yet. On Bitcoin’s 1-hour chart, the candlesticks are gradually breaking below the middle of the Bollinger Band, and are moving toward the support area of 62200-62600 below. The MACD has not yet fully formed the “death cross above the zero line” pattern, but bearish momentum has been initially released, and the KDJ continues to fan out downward, giving the bears the edge in the short term. Continue to monitor the strength of the support level. If the bears break down below the 62800-62500 range with volume, be alert for the pullback to deepen to below 62000, and try not to choose to participate in the middle area. Ethereum’s outlook has not changed for now—just continue to follow along. $BTC #gStocks代币化股票上线