7.7 Bitcoin Midday Market Analysis

Yesterday evening's prediction that the price would weaken under pressure at the 64500 level has perfectly materialized. After hitting that level, the price retreated under pressure, with persistent selling pressure from above suppressing upward movement.

Intraday key observation: support zone around 62000-62500. The buying power here will determine the short-term overall pattern:
If the support zone holds, the current upward repair pattern remains intact, and there is still a chance to challenge the 65500 high later;
The first major resistance in the short term remains near 64000, and two scenarios should be considered:
1. Weak downside: If price breaks below the 62000 support level on a closing basis, the next target to the downside is around 60600;
2. Strong continuation upward: If price breaks and holds above the 64000 resistance with volume, you can follow with long positions, targeting around 65500.

Reminder: This content is only for market analysis sharing and does not constitute any investment advice. Market volatility is high; be sure to manage risk before trading. $BTC #比特币