### 7.9 Evening Thoughts Breakdown

BTC is holding above 62,500 in the evening and remains slightly strong in the short term, but the 63,300 resistance is very clear. It has repeatedly surged and then fallen back, forming long upper shadows—indicating heavier sell pressure overhead.

If the market wants to keep pushing stronger, it must break through 63,300 with increased volume to have a chance to challenge 64,000–64,691.
If it continues to face pressure without breaking through, in the short term it will likely pull back and retest the 62,500 support.

On the 4-hour chart, the current structure is weak. As long as the previous high of 64,691 is not broken, it’s a bearish trend of the high point shifting downward. The risk of a pullback followed by a break below 61,500 is extremely high.

BTC rebounds around 63,500–64,000, with the target looking toward 62,000–61,500.
ETH rebounds around 1,770–1,890, with the target looking toward 1,710–1,670.
$BTC $ETH
#GUSD年化升至3.8%