$BTC 7.11 Crypto market news flash

BTC spot price $64,160, up 1.4% over the past 24 hours; ETH surged 2.68%; major coins saw broad gains. ZEC and AI altcoins led the rally. Over the past 24 hours, $211 million was liquidated across the entire network, with more than 50,000 people liquidated. Shorts concentrated to close positions, and market sentiment continues to improve.
Geopolitics brings a positive development: the US agreed to restart US-Iran negotiations, Middle East conflicts eased, and weaker crude oil improved global risk appetite, prompting funds to return to the crypto sector. MSTR closed at $94.64 yesterday with a slight pullback. The negative impact of its prior sale of 3,588 BTC used to pay interest has been gradually absorbed, but the high preferred-stock dividends raise a long-term risk of continued selling, which continues to suppress upside potential.
In the macro front, the market is focused on the US 6月 CPI data on the 14th. The Fed’s semiannual report warns that inflation remains relatively high. If CPI comes in above expectations, rate-hike expectations will heat up again, and short-term price action will likely see increased volatility. BTC spot ETF flows showed slight divergence, but overall net inflows remain weak; the existing game of limited positions remains unchanged.
Technically, resistance is at 64,800-65,200, with support at 62,500. The trading idea is not to chase; take a light short position in the resistance zone, trade a short-long around a pullback to support, and use strict stop-losses. Only if it rises with volume and holds above 65,500 can you look for a long continuation. Before CPI is released, keep leverage tightly controlled to avoid the risk of sharp swings.
Risk warning: crypto assets are highly volatile. This content is for informational reference only and does not constitute investment advice.