7.14 Chen Jie Big Pancake evening analysis

Evening data shows that BTC net inflow is -$89.25 million, which has sharply narrowed compared with the $298 million outflow in the afternoon, indicating that the short-selling pressure has reached a temporary exhaustion. More importantly, the order book bid-ask ratio has rebounded significantly to +42.85%, turning from negative to positive, suggesting that the willingness of bulls to place buy orders below has quickly strengthened, and that the main capital has started actively absorbing on the left side at lower levels.

At present, the BTC price is trading around 62,700. From the 4-hour timeframe, after the coin price held steady and rebounded following a second retest of the prior low support at 61,806, it has now successfully reclaimed and is holding above the MA7 line (62,544). It has printed consecutive K-lines with long lower wicks, indicating strong buy-side support underneath. Although there is still resistance above from the MA30 line (63,529), short-term rebound momentum remains robust and the bottom-lifting structure is intact. The evening trading approach remains firm: go long on dips.

Go long around 62,000-62,600, targeting 63,300-63,800-64,300, squeeze near 61,300#btc $BTC