7.8 Evening Bitcoin Market Analysis

In the afternoon, the price quote tightened again due to renewed tension surrounding the U.S. and Iran. Sellers saw short-term volume expand, and the price quickly dropped from around 62,800, breaking below the 62,000 level and running straight toward 61,500. Although it briefly stabilized at 61,708, the rebound strength remains weak, and the price quote has not yet moved back above 62,500. However, the subsequent volume from sellers did not follow through, and the seller momentum has been slowly weakening. On the BTC 1-hour timeframe, the KDJ is diverging upward in a golden-cross formation. The market is currently caught in a standoff; if a volume-backed rebound pushes the price back above 62,500, there is still a chance to break through 63,000. It’s still recommended to wait until the U.S. stock market opens in the evening, observe how the volume releases, and patiently wait for a clear direction before taking action. #美终止对伊朗石油制裁豁免 $BTC