Breaking through 6.4W and starting “high-position handover”—after the shorts get squeezed, who’s quietly entering?

📊 Today’s core data:
• BTC spot price: ~$64,320 (up about 5.8% over the past 7 days; a daily “three red candles” structure has emerged)
• Liquidation updates: As the price reclaimed the 6.4W level, the derivatives market saw more than $180 million in short positions forced to be liquidated over the past 24 hours.
• Main players’ moves: After DWS Group’s digital assets arm under Germany’s top asset management firm dumped the market at the end of June, over the past week it has been accumulating in batches via over-the-counter (OTC) trades for four consecutive days, showing extremely clear “institutional dip-buying” characteristics.
🔍 Today’s in-depth breakdown:
1️⃣ Reclaiming the 6.4W frontline: from “short hell” to the “bull safe zone”
Strategy’s cash-out plan at the end of June and the hawkish remarks by Fed Chair Kevin Warsh had previously hammered the market into widespread despair. But as I said earlier, turnover is the only cure. BTC completed a long two-week base-building phase in the $58,000–$59,000 range, thoroughly flushing out retail panic sell pressure and high-multiple long leverage. This current rally is a **spot-driven rebound with “no debts to worry about.”**
2️⃣ Liquidity inflection point: marginal decline in U.S. Treasury yields
Although the new Fed leadership still talks tough, the latest revisions to nonfarm payrolls and payrolls-related wage data show that economic overheating has been effectively curbed, and U.S. Treasury yields have shown a phased pullback after spiking. OTC “hot money” was quick to detect this small liquidity adjustment: the ETF funds that exited in June have continued to record net inflows every day since last Thursday and Friday, and the balance is tilting back toward the bulls.
3️⃣ Beware the short-term “come-and-go” move in the high-position handover period
Technically, the 4-hour RSI has already reached the near-overbought edge of 68. The upper band of the Bollinger Bands is also showing clear intraday suppression around $64,800. While this rebound is strong, before it fully breaks through the $65,500 heavy resistance zone, it will most likely see a pullback to confirm around 6.3W.
📉 This week’s practical trading strategy suggestions:
• Support levels: First support at $63,200 (former resistance turned into support), with a strong baseline of $61,500.
• Resistance levels: Strong resistance at $64,800, and the weekly core target at $66,200.
• Trading approach:
• Spot: The previous you who steadfastly held coins even under 60k—has already entered a comfortable profit zone. Keep holding the spot; the momentum for this repair move has not finished yet.
• Futures: Do not blindly chase higher prices above 6.4W. Although the funding rate has only slightly ticked up, depth is still in the process of repair. Traders on the right side should wait for a reduced-volume intraday pullback and stabilization in the $63,200–$63,500 range, then choose when to set up long positions.
💬 Interactive topic:
With $180 million of shorts liquidated and BTC back above 6.4W—do you think this rebound is the “roll call” for the return of the bull market, or a new round of “bull trap” followed by a selloff? Leave your “divine prediction” in the comments!
$BTC $ETH $GT