$BTC 7.10 Crypto Quick Report



BTC pulled up strongly today to $63,934, up over 1% in 24 hours, testing the key resistance level of $64,000 during the session. ETH edged up modestly in tandem. The AI and MEME altcoin sectors diverged. Short positions were liquidated in a concentrated manner over 24 hours, with liquidation volume significantly reduced. Market sentiment shifted from panic to a neutral-bullish tilt.

On the macro front, employment data cooled, while the U.S. dollar and Treasury yields fell simultaneously, lowering market expectations for rate hikes and boosting the appeal of interest-free crypto assets. The U.S. "Crypto Clarity Act" is expected to advance toward deliberation, and the prospect of regulatory clarity has lifted institutional confidence. BTC spot ETFs posted net inflows for three consecutive days, with BlackRock's IBIT leading the inflows, though the overall inflow momentum remained weak, suggesting institutions are still cautious about bottom-fishing.

MSTR's stock price is recovering with choppy trading, as the negative impact of its prior BTC sale for interest payments is gradually being digested. However, the pressure from high-yield preferred stock interest payments persists, and the medium- to long-term risk of further BTC sales has not been fully eliminated. The easing of geopolitical tensions in the Middle East and weaker crude oil have slightly improved global risk appetite.

Technically, the daily rebound pattern has taken shape. Short-term resistance lies at $64,200-$64,800, with support at $62,500. Trading approach: Do not chase highs. Within the resistance zone, take light short positions; on pullback to support, go for short-term longs; strictly set stop-losses. Only if the price clearly breaks above $65,000 on volume can a sustained uptrend be expected. Next week's CPI data may trigger sharp volatility, so avoid high leverage in the near term.

Risk warning: Crypto assets are extremely volatile. This content is for informational reference only and does not constitute investment advice.
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