BTC 7.13 00:00–9:00 market analysis

During the night session, the price first moved in a range of 63,600–63,900 and traded sideways. The buy-in chips that were picked up at earlier lows gradually settled. In the short-term futures market, long positions were built in batches. Market volatility narrowed, and trading volume was relatively low, which fits a chip turnover and washout ahead of a pump. After overseas trading liquidity recovered slightly at night, the longs launched a rapid rally by leveraging a liquidity gap, and the price quickly surged to refresh the session peak at 64,411.8.
The rally phase showed a typical reduced-volume squeeze characteristic: at the new high positions, incremental buying failed to keep up, while high-level take-profit sell orders and concealed short-sell pressure converged and surged. The candles formed long upper wicks, and a top reversal signal took shape.
After reaching the stage high, sell pressure released in a concentrated way, and the market entered a steep downtrend. During the decline, trading volume expanded notably: leveraged longs that chased at high levels were sequentially stopped out and liquidated; forced selling amplified the downturn intensity. Within a short time, the market completed a pullback of nearly 900 points, dipping to this round’s low at 63,538. This is a very common liquidation “needle” stampede pattern in scenarios where night liquidity is relatively weak.
When the price hit the key support at 63,538, low-level bargain-hunting funds entered and short-term shorts took profits and closed positions. The price rebounded slightly, but the rebound range was capped at 63,700~64,000, and it failed to mount a second attempt to break the 64,411.8 prior high. The rebound strength was weak, indicating that the trapped sell pressure at the highs had not been fully absorbed and that short-term long confidence was weakened by the sharp selloff. #GateUS合规扩展佛罗里达 $BTC $ETH