7.14 Afternoon Bitcoin Market Analysis

After the price broke below the 62,000 level in the early morning, trading volume began to shrink, and the low dipped to 61,806 before bouncing and stopping the decline. Afterwards, the upside momentum continued to fade; in the morning, a rebound and recovery brought a repair, and price briefly held steady above 62,500. For ETH, it was almost a test of the 1,750 support—dropping to 1,748 and then quickly pulling back. It has now returned to around 1,780. Don’t hold on with obsession and stubbornly defend the position; if the loss has already become a settled fact, waiting with persistence will only waste a large number of opportunities. Stopping the loss in time and adjusting your thinking is the best solution.

Right now, the short-term pullback structure on BTC at the 1-hour level has initially started to slow down. Due to the rebound and recovery effect, the lower band of the Bollinger Bands has begun to slope upward, and the price has also returned to around the middle band. The MACD fast and slow lines are still below the waterline, and the golden cross below the zero line continues to fan upward. Bullish momentum has not shown signs of weakening yet; however, the KDJ has entered the overbought zone, so there is a certain need for a corrective move from the high level. If the price can stabilize around the middle band, then the 62,500–62,000 range may form support next, and a volume-backed rebound could break above the previous high and lift prices toward the 63,500 area. ETH is currently relatively passive—continue watching the 1,750 support below. If BTC rebounds and breaks above that level, then ETH should follow and look toward around 1,810. Also, be aware that the U.S.-Iran conflict may bring new impacts. $BTC #PreIPOs第二期OpenAI认购 $ETH