$BTC 7.7 Crypto Daily Analysis

⚠️Risk Warning: Cryptocurrencies are highly volatile. The content is for market reference only and does not constitute investment advice. High leverage contracts can easily lead to liquidation.
BTC is currently at $63,200. After a rebound surged to the $64,000 level, it met resistance and pulled back. During the day, it oscillated near highs and weakened. Bullish momentum is gradually fading. The hourly RSI has entered the overbought zone, highlighting the need for a short-term pullback.
ETH oscillates around $1,760, with highs continuously moving lower. Mainstream altcoins show slight divergence, small-cap coins lack rebound strength, and the degree of capital concentration is weak.
Yesterday, MSTR sold 3,588 BTC to realize dividends, bringing short-term selling pressure. After a brief inflow into ETFs, the pace of capital entry slowed. Over 24 hours, both longs and shorts were liquidated, with long profit-taking concentrated.
On the macro level, the Nasdaq and semiconductor sectors surged overnight, boosting risk appetite in the short term. Non-farm payroll data cooled rate hike expectations, with the probability of a September rate hike falling to 46.2%. U.S. Treasury yields edged down, but several Fed officials remain hawkish, indicating the high-rate cycle is not completely over.
Today, the NATO summit is convening, and geopolitical news may easily trigger spikes. The minutes of the June FOMC meeting will be released tonight.
Key levels: BTC resistance at $64,000, support at $63,000 and $62,200; ETH resistance at $1,790, support at $1,750.
Trading strategy: This round is only a relief rally from oversold conditions. The trend has not reversed. For spot trading, do not chase highs, wait for a pullback to support for accumulation. For futures, rely on overhead resistance to lightly test short positions, strictly control leverage. Altcoins have poor sustainability, avoid them as much as possible. Focus on the volatility from tonight's Fed minutes.
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