July 11 BTC afternoon analysis:

On the one-hour timeframe, the current price holds strong above the moving averages and the Bollinger middle band, maintaining a relatively strong sideways range. The Bollinger Bands contract, indicating that the market will mainly move within a range. Trading volume at higher levels has shrunk, and there are no clear signs of major distribution by key players. However, insufficient incremental buy volume makes it difficult to directly push through the previous high. The MACD forming green bars suggests bullish momentum has weakened somewhat, and there is a need for a small pullback. The market is likely to continue oscillating within the 63,740–64,380 range. If the price breaks above the upper edge of the range on increased volume, it may probe the stage high at 64,680. If the price breaks down below the middle-band support on increased volume, it will likely move lower to test the strong support at 63,740. Personal suggestion: around 6,438–6,500, target around 63,600–63,000.