July 6 $BTC Afternoon Analysis


The short target near 63900 given in the morning has been reached. Now you can go long relying on the support level. Although the price has slightly dropped, the 24h net inflow is as high as +$289 million. This indicates that large funds (the main force) are actively buying on the order book, a typical "buying the dip" sign rather than distribution.
· The funding rate (FR) is only 0.0065%, an extremely low level. This means there is almost no cost to short, shorts are crowded, and once the price stabilizes, short covering will accelerate the price rise.
Technical: Sticking to the middle Bollinger Band support, refusing to dip deeply
The price of 62874 is exactly above the BOLL middle band (62696). In a bullish trend, the middle band is a strong support level. Holding this level currently shows strong intent from bulls to protect the price.
· Although MACD has a green bar (MACD:-122.4), the difference between DIF (-563.6) and DEA (-624.8) is narrowing, indicating that the downward momentum (green bar length) is weakening, with potential for a "golden cross."
Sentiment: Recovery after extreme pessimism
· The 24h high/low (63990 / 62410) shows significant intraday washout. The current price is near the lower edge, oversold in the short term, and a technical bounce is imminent. Yifan suggests going long around 62300-62800, targeting 63900-64600.#BTC #ETH #现货黄金站上4200
BTC-1.26%
ETH-1.10%
GLDX-0.62%
PAXG-0.80%
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