7.7 Evening Analysis

Basic Signals on the Chart: Bullish momentum exhausted, rally showing signs of fatigue
Price Action: After hitting an intraday high of 63,845.80, a long upper wick candle formed, indicating faltering bullish momentum, followed by two consecutive bearish candles pulling back, with clear resistance at the high and a sharp decline in short-term buying support.
Bollinger Bands Structure: The current price of 63,282.40 has fallen below the middle Bollinger Band at 63,290.69, breaking the previous rebound structure that relied on the upper channel. The middle band has shifted from support to short-term resistance; the upper band at 63,682.45 forms a strong resistance zone, making it difficult for bulls to break through again.
Capital & Volatility: Although there is a slight net inflow of overall capital, the inflow has noticeably slowed after the rally, with high-level profit-taking from bulls emerging, resulting in insufficient upward continuation. Yifan’s personal suggestion: Short near 63,950-64,650, target 62,600-61,800, if broken, look toward 60,800.
For ETH: Short near 1,795-1,830, target 1,752-1,680#BTC #ETH #BTC走势分析