7.8 BTC Midday Analysis

Currently, the BTC market shows a bearish continuation structure. During the Asian session, the price continuously slipped from the high of 64678 and touched a low of 62499 in the early morning. This level precisely hunted stop orders in the daily-level liquidity zone below. From a microstructure perspective, a clear market structure shift has occurred at the 4-hour level, with the previous low support turning into current resistance. The 63000-63200 range forms overlapping resistance from a supply zone and a fair value gap.

In terms of RSI divergence, RSI6 recorded 29.39, entering the severely oversold threshold, suggesting short-term seller momentum exhaustion; however, RSI24 remains below the 45.73 midline, indicating that medium-term order flow is still dominated by bears. The long and short timeframes form an asynchronous divergence, and the short-term rebound is only seen as a mean reversion correction to the oversold indicator. The volume distribution shows short-term buying accumulation near 62500, but without large-volume absorption, the rebound is limited in height.

In terms of operations, aggressive left-side traders can lightly enter a position below 62500 to play for an oversold bounce, with stop loss set below the 62000 psychological round number level;
Conservative right-side traders should wait for the price to effectively reclaim and hold above the 63500-64100 zone, or for a bullish engulfing or other reversal candlestick pattern to appear on the 1-hour timeframe before entering again. Overall maintain the approach of testing resistance on rebounds, with initial targets at 62000-61500.$BTC $GT $