7.7 Chen Jie Bitcoin Morning Analysis

Although current data shows a net capital outflow of $51.81 million, the Bitcoin price remains firmly above the 64,000 mark, displaying strong resilience. At the same time, the order book bid-ask ratio is +10.23%, and buying sentiment is gradually recovering, suggesting that main funds have largely completed accumulation at low levels after volatile washouts, with bulls poised to strike.
Currently, the Bitcoin price is trading around 64,035. Looking at the 4-hour candlestick chart, the market staged a strong V-shaped reversal after bottoming at 57,758, with bullish momentum unstoppable. The short-term moving averages MA7 (63,441) and MA30 (62,541) have formed a golden cross and are diverging upward, providing strong support for the price. With the price successfully breaking through and holding above the previous resistance level, the overall bullish structure has been established. The morning strategy is to go long on dips.
Trading Strategy
Go long around 63300-63800, targets 64500-65000-65500, stop loss 62600#btc $BTC