7.6 Evening Bitcoin Market Analysis

After the morning price spike rose into resistance, the subsequent pullback kept going and lasted all the way into the afternoon. This morning, we first looked at how well the support below BTC was holding. After the short-term 63000-63300 range broke down, we then watched the support in the 62500-62800 range below. For ETH, we focused on the support around 1750. As of now, the pullback strength appears limited and is not enough to break the current upward structure, though the rebound is also relatively weak. On the 1-hour BTC chart, while the MACD fast and slow lines are still in bearish divergence and the histogram momentum is still being released without weakening, the KDJ is in the oversold zone and there is already a need for a rebound—however, it requires a volume breakout to fuel the rally. In the evening, we continue to maintain a bullish outlook: keep the defensive position below the support level. 64000 is the key level for a breakdown; only with follow-through in volume can we continue to look higher. For ETH, watch the prior high above—if it breaks upward, we can look for 1850. $BTC #GT二季度销毁257万枚