$BTC Coin Circle Academician: July 7 Bitcoin (BTC) Bull-Bear Battle Enters Decisive Stage! Latest Market Analysis and Operational Suggestions



  

  Currently, Bitcoin is oscillating repeatedly in the 63800 range, with intense bull-bear contention, making it easy to fall into the trap of frequent trading. There is no absolute unilateral market; chasing ups and downs will only lead to repeated stop-losses. Everyone must remember the strategy, strictly enter positions at marked points, and never omit stop-losses. In a range-bound market, do not pursue huge profits; it's enough to steadily capture swing profits.

  

  The daily K-line is in a critical rebound repair phase. The current price is above EMA15 but still under pressure from EMA30 and has not yet broken through the strong resistance of EMA60. The medium-term downtrend has not been fully reversed. The MACD indicator shows DIF has crossed above DEA, with red bars continuously increasing, indicating short-term northward momentum has recovered. The middle Bollinger Band at 61953 forms strong support, while the upper band at 65596 is the short-term first resistance. From a Fibonacci retracement perspective, the price is currently within the 100% to 78.6% rebound range, with a moderate rebound pace and no strong breakout signal.

  

  The 4-hour K-line is in a clear upward channel, with the price firmly standing above the EMA15/30/60 moving averages arranged northward, indicating a short-term bullish bias. The MACD indicator shows DIF and DEA remain above the zero axis. Although the red bars have shortened, they are still above zero, indicating northward momentum has weakened but not reversed. The Bollinger Bands are opening upward, with the current price near the upper band at 63804, suggesting a minor pullback may be needed. From a Fibonacci perspective, the price has broken the key resistance at 23.6%, with the next target at 38.2%. Support below is around the EMA30 moving average near 62300. Overall, it is in a consolidation phase within an upward trend.

  

  Short-term Reference:

  

  If the lower range 63000 to 62500 holds without breaking northwards, stop-loss at 62000, target 64500 to 65500.

  

  If the upper range 64500 to 65000 holds without breaking southwards, stop-loss at 65500, target 63500 to 62500.

  

  Specific operations should be based on real-time order book data. For more details, you can consult the author. The article is published with a delay; suggestions are for reference only, and risks are borne by oneself.
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