7.11 Midday BTC Analysis

Market situation and fund flow
Currently, Bitcoin price is maintaining a choppy range between $62,000 and $65,000. As the panic sentiment from the earlier period gradually fades, market confidence has been somewhat restored, but the tug-of-war between bulls and bears remains intense. Currently, the price has stabilized above $63,000, and short-term funds show a slight return. Next, the market’s main focus will center on changes in ETF fund flows and the evolution of macroeconomic expectations.
Technical trend and key levels
On the daily timeframe, after BTC’s sharp selloff earlier, it has initially formed a short-term bottoming pattern. $63,000 is gradually being established as the key support for the short term. The future direction hinges on two key scenarios: if it can decisively break above the $65,000 resistance level, the market may test higher toward the $68,000 area; otherwise, if the $62,000 support breaks, caution is needed for further pullbacks toward the $60,000 psychological level.
Midday short-term trading suggestions
● High-short strategy: Recommend placing short orders in the $64,800 - $65,500 range, with downside targets sequentially at $62,000 - $61,500. #美伊战争阴云再起