7.10 Afternoon Bitcoin Market Analysis

The price rebounded with a sudden volume spike in the morning, not only breaking through the 63,500 resistance level, but also approaching the 64,000 mark. Although it then sharply reduced volume, the price still managed a modest rebound, breaking above 64,000 and setting a recent high of 64,185 during the afternoon. Meanwhile, ETH also saw volume rise in the morning, with the highest touching 1,779. Don’t mess up your trading rhythm just because you missed a breakout; the market has never only one wave of action. Missing the current upswing doesn’t require chasing hard. Staying in rhythm and waiting for the next opportunity that matches your standards is more important.

The current BTC price continues the stabilization and recovery trend from yesterday’s late session. Overall, it forms a gradual upswing structure with higher lows and a rising focus, step by step. Excluding the high-volume bullish candle, the other bullish candles have small bodies, but the accumulation of consecutive small bullish candles suggests that bulls are indeed advancing steadily, temporarily creating a relatively solid, controlled pace. The subsequent volume expansion remains rather mild; it is an upside move on reduced volume. An upside move on reduced volume means there isn’t much selling pressure, but it also means there is a lack of fresh buy-side inflow. Therefore, this kind of price action requires continued observation. Once it starts releasing volume and accelerating, that will be the real breakout signal. The current market is in a range-bound, slightly bullish structure, so for today the main focus is still on pullbacks into support and staying with the bullish bias. If it can directly break out with volume above 64,200 and hold firm, you can consider following from the right side to look toward 64,500-64,800. In the short term, watch the overhead resistance at 64,000-64,200; on the downside, focus on support at 63,200-63,500. Don’t chase or cut in the middle reduced-volume zone. #预测世界杯西班牙VS比利时 $BTC