$BTC 7.13 Crypto market daily analysis

⚠️Risk warning: Cryptocurrency prices are highly volatile. The content is for market reference only and does not constitute investment advice. High-leverage futures can easily lead to liquidation
BTC current price $63,750, down slightly by 0.56% over the past 24 hours. It surged to the 64,500 level but met resistance and pulled back. The market is dominated by a wait-and-see sentiment, and bullish momentum continues to fade. ETH is also slightly weaker to $1,801 in tandem. Major alternative coins are collectively pulling back. XRP and BNB are among the worst performers, while smaller-cap coins face clear sell pressure. The Fear and Greed Index is 29, staying in the Fear range. Last week’s ETF ended an eight-week streak of sustained outflows, recording a small net inflow, but the amount is too small to reverse the long-term trend of institutional net selling. In the past 24 hours, longs were heavily liquidated, and leveraged funds have proactively reduced exposure to de-risk (Sina Finance).
The spot market is suppressed by multiple macro factors: the 10-year U.S. Treasury yield has been rising and the U.S. dollar has strengthened, lifting the cost of holding crypto; Middle East geopolitical tensions have flared up again, weighing on risk appetite; tomorrow’s scheduled release of the June CPI inflation data has prompted the market to cut positions early to avoid volatility. Fed officials maintain a hawkish tone, and the risk of a rate hike in September still remains.
Key levels: BTC resistance at 64,500; support at 63,000 and 62,200. ETH resistance at 1,830; support at 1,750.
Trading approach: The short-term range-bound structure remains unchanged. Any rebounds are unlikely to change the mid-term pressure setup. Do not chase spot at higher prices; wait for a pullback to support and scale in. For futures, use a light short position based on overhead resistance and strictly control leverage. Given the poor persistence of altcoin performance, try to avoid them—tomorrow’s CPI data is very likely to trigger sharp wick-driven price spikes. #PreIPOs第二期OpenAI认购