7.7 Morning Analysis

Yesterday evening, the market was already supposed to rise, but after being disrupted by the news, it was directly smashed lower. Later, it was then pushed back up by a call from “Old Te.” This is a typical pattern: first shake out the longs/heads, then wash out the other side, and only afterward see that the current market is in the late stage of a rebound with lagging follow-through. Multiple indicators simultaneously send out exhaustion warnings. After the short-term price spikes up into the 64019 area and meets resistance, it will most likely enter a phase of pullback. If the 64678 double-top high cannot be broken, and the MACD’s two lines form a death cross, it will trigger a wave of long stop-loss selling/exits, causing the price to first test the 63046 middle Bollinger Band support. If the middle band support is broken, the downside space will directly look toward the 62072 lower Bollinger Band; in extreme conditions, the selloff may further expand. One person’s personal view: consider shorting around the 64600–65200 area, with targets around the 63100–62500 area#BTC #ETH #BTC走势分析