7.14 Evening Analysis



Current market situation is 63872. After a sharp surge upward, it gets stuck and chops sideways around the “grease zone,” with short-term back-and-forth action. It’s about to choose a direction.

Key chart focus

1. Technical perspective
On the 15-minute timeframe, it surged to the Boll upper band at 63958 and met resistance, so there is a need for a short-term pullback.
Key support below is 63000 (Boll middle band), and the overhead pressure level is 64162.

2. Message layer
Grayscale transfers 852 BTC to exchanges, which may bring potential selling pressure;
At 22:00 tonight, a U.S. Federal Reserve hearing is coming, and it will most likely drive sharp volatility in the market.

BTC outlook: range around 64500-65000, with targets toward 63100-62600.
ETH outlook: range around 1900-1940, with targets toward 1840-1800.
$BTC $ETH #PreIPOs第二期OpenAI认购
BTC4.04%
ETH6.25%
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GateUser-4bd1cc87
· 1h ago
This sideways consolidation has been grinding on people’s nerves. Before the 22:00 hearing, nobody dared to move.
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ForkInTheRoadmap
· 2h ago
Grayscale’s 852 BTC are hanging over their heads, creating the feeling that the market could dump at any moment.
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GateUser-7919e6b9
· 3h ago
Can you still catch up on subscribing to OpenAI? First, keep an eye on this round of volatility before deciding.
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SudoSoul
· 3h ago
Boll upper band at 63,958 is indeed hard; if the pullback around 63,000 can’t hold, then it really will drop below.
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