Morning Analysis of BTC on July 9

Analysis: Short around 630-635, target 620-610, stop-loss 640

Yesterday's multiple rebounds failed to hold above the 62300-62500 resistance zone. Selling pressure continues to be released from above. As long as the 62500 level is not regained, the short-term strategy remains to short on rallies. The key support below is at 61500. If this support is lost, the market will likely further test the 61000 area.
On the news front, the market continues to digest expectations of Fed policy. Capital is closely watching the subsequent rate hike path and institutional capital flows. Recently, there has been no significant incremental capital inflow for ETH. Overall market sentiment is cautious. In the absence of substantial positive catalysts, the market is more likely to maintain an oscillating weak rhythm, making it difficult to sustain a rebound. #美终止对伊朗石油制裁豁免 $BTC