⚠ $BTC 7.8 Crypto Market Analysis for Today

@E0️Risk Warning: Cryptocurrencies are highly volatile. The content is for market reference only and does not constitute investment advice. High leverage in futures trading can easily lead to liquidation.
BTC is currently at $62,700, down 0.95% in the past 24 hours. It attempted to rally to $64,150 but faced resistance and pulled back. Concentrated profit-taking from long positions at highs occurred, absorbing the gains from the previous rebound. ETH also weakened in tandem to $1,750, with a larger decline than BTC. Major altcoins diverged, with SOL and AVAX leading the declines. Only a few privacy coins saw slight gains, while small-cap coins experienced significant selling pressure. The Fear & Greed Index stands at 27, moving away from extreme fear but not yet entering the optimistic zone. Spot ETFs have seen net inflows for two consecutive days, with institutions briefly returning to improve sentiment. However, the seven-day capital flow remains net negative, and the medium-term institutional de-risking trend has not fully reversed.
At the macro level, cooling non-farm payroll data has reduced rate hike expectations, and U.S. Treasury yields have edged lower. However, last night's Fed minutes leaned hawkish, coupled with escalating U.S.-Iran geopolitical tensions, causing risk appetite to waver repeatedly. Profit-taking in the Nasdaq weighed on the market. The current market is in a high-level consolidation after an oversold bounce, with upward momentum weakening and lacking conditions for a unilateral rally.
Key Levels: BTC resistance at $64,000, support at $62,000 and $61,200. ETH resistance at $1,780, support at $1,700.
Trading Strategy: Do not chase spot prices; wait for a pullback to support levels before gradually accumulating. For futures, take a small short position near the $64,000 resistance with tight stop-losses and strict leverage control. Avoid altcoins due to high volatility and poor sustainability. Focus on geopolitical news and U.S. bond yield fluctuations in the evening, as they may trigger sharp price spikes.