7.13 evening analysis

Recently, multiple major bearish catalysts have continued to intensify. Overseas, US tech stocks weakened across the board, and reports about institutions trimming their crypto asset holdings leaked out. Coupled with earlier BTC surging to the 64,691.9 high point and profit-taking orders piling up, under the confluence of multiple bad news signals, funds have shown large-scale outflows. The current price is $62,753.5, down $1,391.7 in the single cycle, with a range drop of 2.17%. The current 4-hour trading range is: high $64,411.8 and low $62,061.3. On the capital side, there was a large net outflow of $562 million; the stage trading volume exceeded 10.31 billion. Long positions at high levels took profits and exited in a concentrated manner. Market bearish sentiment has warmed up rapidly, low-level bid support intention remains persistently weak, and the technical picture has also moved into a breakdown and downward trend. One individual’s suggestion: consider selling around 63,200-63,900, with targets near 62,100-61,500 #BTC #ETH #BTC走势分析