7.7 BTC Morning Analysis

This week, BTC has formed a bottom-finding and rebound V-shaped reversal wave. The early drop to 61297 constructed the bear-trap-bottom divergence inflection point. Incremental buy-side orders entered the market, pushing the price higher step by step. It then unfolded in an impulsive upward move along the outer extension of the upper Bollinger Band, reaching a peak of 64678. After that, the upper band encountered pressure-induced passivation. The current candlestick has closed as a shooting-star-type pullback candle, indicating that the bullish push’s energy has entered a phase of marginal exhaustion. The upper Bollinger Band has shifted from support to an immediate resistance level. The middle band, as the bullish-bearish dividing structure of this rebound, remains upwardly diverging. The lower band continues to expand downward, further amplifying range-bound volatility.

For the KDJ random indicator, the J line has broken through the 100 overbought threshold, forming a bearish divergence warning signal. Although the K and D lines remain in a golden-cross alignment, their slopes have clearly slowed, suggesting that a short-term high-level death-cross resonance is about to form. The market is likely to enter a pullback and repair phase. The first short-term defense threshold relies on upper band support at 64000, while the core strong support is locked at the Bollinger middle band at 63000. If the pullback completes a handover at the middle band, it would form a continuation structure within the rally. Once the middle band’s moving-average support is effectively broken, the logic driving this rebound will be declared invalid, and the price will return to the lower-range box to seek a second bottom confirmation.

Trading suggestion: Short at 64600-65100, target 62600-63100. #GT二季度销毁257万枚 #预测世界杯葡萄牙VS西班牙 $SOL $ETH $BTC