7.15 early morning analysis

In recent days, market risk appetite has seen a phased recovery. Markets outside China—especially US stocks—have stabilized after stopping their decline. Combined with positive news that institutions have reportedly made small additional purchases of BTC spot, the earlier 61,806 low has fully absorbed the sell-pressure from shorts. Multiple positive factors converged to trigger this round of strong rebound.

At present, #BTC is trading at 64,806.50. In the current 4-hour cycle, the price has risen by 4.09%, and the phase trading value is 6.22B yuan. On the capital side, there was a net outflow of $66.01 million, which is a sentiment-repair rally after oversold conditions. The high-low range of this cycle is 61,806.00–64,945.10. Price quickly surged to near the upper Bollinger Band, and short-term bullish momentum has been concentrated and released. However, at higher levels, the intention to realize profits has also increased, and technically there is a need for a pullback and repair.

One personal suggestion: around 64,900–65,600, look for it, with the target around 64,100–63,200 #ETH #BTC走势分析