Bitcoin as a whole shows a strong rebound pattern. It started an upside push from the low around 62,272 in the early hours of today, then gradually broke through the two short-term suppression levels at 63,000 and 64,000 during the choppy climb. It topped out near the high at 64,966. Currently it has stabilized around 64,539, with a daily gain of 3.8%, showing clearly strong characteristics. Ethereum’s price action is highly positively correlated with Bitcoin. It also began rising in tandem from the 1,780 low, surged to around the 1,877 high, and posted a daily gain of 5.92%. The entire move displayed a follow-through rebound with acceleration, and the linkage between the market and the capital resonance effect is evident.

At the daily timeframe, the uptrend channel continues to expand in an orderly manner. After experiencing a brief weakness pullback on July 14 and completing sufficient base-building, the market has successfully switched to a volume-expansion, consolidation-then-upward operating rhythm. Bullish momentum has concentrated and released in a short-term squeeze, driving the 5-day, 10-day, and 20-day moving averages to form a synchronized resonance-up pattern. The MA50 and MA100 golden cross continues to consolidate. This formation indicates that the market trend has clearly returned to bullish dominance, and this uptrend has strong continuity and structural stability. On the 4-hour timeframe, the price action continues the one-way strong tone: it has been steadily climbing while leaning on the upper band of the channel. The RSI has broken above the 50 neutral zone and risen to 62. The MACD formed a golden cross and the red histogram continues to expand, showing a technical pattern of rising volume and price together, further strengthening the operational foundation for the daily bullish trend. At present, the market rhythm shows that bullish strength is still continuously accumulating. The short-term pullbacks during the process are not signals of trend reversal, but typical bullish “shakeout” movements. The core goal is to build energy for a subsequent push into the strong resistance zone at 65,000-65,500. Today’s early trading strategy focuses on entering longs by placing them on pullbacks.

Specific trading suggestions: Watch the support in the 64,300-63,800 range and also the two levels at 62,800 and 61,800. If price reaches these levels and depending on support strength, you can try opening longs on dips. Aim for upside room of 500-6,000 points.
$BTC #Gate现货增速全球第一