7.11 BTC Analysis

After the price spiked to 64,680 and then turned, it pulled back. The upper band at 64,448 has formed clear resistance, and the bulls’ push has been blocked, with the market shifting into a pressure-driven pattern. The current price has already fallen below the middle band at 64,083. That level has turned from support into short-term resistance; the primary support below lies at the lower band of 63,719.

RSI across multiple periods is synchronously oscillating downward. RSI6 has dropped to 46.4, showing continued weakening in bullish momentum and a significant cooling in the market’s willingness to go long. The prior push higher was only a pulse-like rebound; the sell pressure at the highs is gradually being released, and the market has entered a slow, drifting digestion phase. For trading, it is not advisable to bottom-pick. It is recommended to look for shorts in line with the trend, relying on the pressure from the middle band. The first target is the 63,700 support; if that level breaks, the downside room will open up further. Be sure to strictly control position and risk.

Suggested: short on a rebound above 64,500, targets 63,700–62,500. This is for reference only; actual trading decisions are subject to the situation on site! $ETH $GT $BTC #GUSD年化升至3.8%