7.9 BTC Evening Analysis

After a phased bottoming in the one-hour cycle structure of BTC, bullish funds concentrated their efforts to push the price upward. After surging to a high of 63286, momentum was exhausted, triggering a profit-taking adjustment from the highs. The current price is running in the sandwiched zone between two moving averages, with the medium- and long-term moving averages maintaining an upward trajectory. The overall upward pivot has not been broken, and the yellow trend line above has shifted from support to short-term resistance.

The RSI multi-cycle indicator has fallen back to the 50 midline zone, with market sentiment returning from overbought to equilibrium. This pullback is a healthy shakeout of weak hands, with no signs of bearish dumping on volume. In the short term, the market will oscillate in a box range of 62600–63000. Operationally, avoid chasing longs at highs and wait for a retracement to moving average support for phased entries. If bulls cannot reclaim the 63000 resistance level, be wary of a second bottom test to confirm support. Manage positions rationally and do not over-leverage for short-term moves.

Operation suggestion: Short at 63200–63700, targets 61200–61700.$BTC $GT $SOL