$BTC 7.9 Crypto Daily Analysis

⚠️ Risk Warning: Cryptocurrencies are highly volatile. This content is for market reference only and does not constitute investment advice. High leverage in futures trading can lead to liquidation.
BTC current price $63,000, down 2.4% in 24 hours. After hitting a high of $64,600, it faced resistance and pulled back, with long positions taking concentrated profits and the short-term rebound stalling. ETH also dropped sharply to $1,739, forming a death cross on the weekly chart, with clear mid-term pressure. Altcoins saw widespread declines; SOL fell nearly 5%, with only a few coins showing slight resilience, and market risk appetite dropped significantly. Over the past 24 hours, both longs and shorts were liquidated across the market, with long liquidations dominating. The small net inflow into ETFs over the short term is insufficient to offset macro selling pressure, and MSTR's reduction of BTC further dampens sentiment.
Macro double negatives pressure the market: The Fed's June minutes released hawkish signals, removing mentions of rate cuts, and raising expectations of a rate hike in September. US-Iran geopolitical tensions escalate, leading to capital selling off all risk assets. Rising US Treasury yields continue to suppress non-yielding crypto assets. Next week's CPI data will determine subsequent interest rate pricing.
Key levels: BTC resistance 63,500-64,000, support 61,600 and 60,200; ETH resistance 1,780, support 1,700.
Trading strategy: This round is only a correction from oversold conditions; the trend has not reversed. Do not bottom-fish in spot; wait for a retest of key support before gradually building positions. For futures, rely on overhead resistance to lightly short with tight leverage. Altcoins are volatile with poor sustainability and should be avoided. Focus on US Treasury yields and geopolitical news tonight that may trigger wick movements.