7.9 Evening Bitcoin Market Analysis

In the afternoon, the “big cake” continued the rebound trend seen earlier in the day, rising to a high of 63,286 before the momentum began to slow. After that, the price also made a modest pullback, but it is still above the 62,500 support and has not caused any effective impact. The rebound strength of “Yi Tai” is relatively weaker: it began to lose pressure and retrace at 1,762. It is currently trading around 1,740, and it has not yet broken below the lower support. You must prevent emotional “averaging down/adding to the order” (supplementing positions). Holding on unwillingly is just a psychological fixation—don’t give up your seat because of a wrong continuation move.

From the “big cake” 1-hour timeframe, although the chart is showing a slight pullback, shrinking-volume doji candles are appearing relatively frequently, indicating that selling pressure is gradually exhausting. Bulls and bears are temporarily balanced for now; however, the bulls here have not launched a second push yet. At present, it is more about confirming where the market is stabilizing below. KDJ has formed a high-level death cross and is currently in a technical correction/repair phase, and the “bull” momentum is slowly weakening—so it depends on how strong the pullback is. If, around the 62,500 area, a 15-minute breakout bullish candle with increased volume appears, it can be considered a stabilization signal. Lightly add/enter (go long), set the stop-loss below 62,000, and the target can be tentatively viewed at 63,500–63,800. At that time, “Yi Tai” can follow the move upward toward around 1,770, with the stop-loss reference below 1,710. Alternatively, wait until after the evening U.S. stock market opens before making a decision. $BTC #特朗普宣布美伊停火结束 $ETH