7.17, Friday morning 1️⃣2️⃣ AM

After this round of market momentum stabilized following a dip to the 63,833 low, the rally continued with successive pushes upward. The price kept strengthening, and during the early-morning period, buy pressure saw a concentrated release, briefly surging to 64,843. However, follow-through momentum at the high level clearly weakened, sell pressure in the market suddenly intensified, and the price quickly pulled back and slid consecutively down to around 64,285, where signs of bulls resisting began to appear. Current quote: 64,463, down more than 400 points from the peak.

The current price is repeatedly testing the 64,000 area, which has become the short-term bull-bear dividing line. If support holds effectively, the current rebound structure can still continue, and there is potential for another push higher later. If this zone is broken to the downside with heavy volume, the depth of the pullback will open further, and downside room should be watched closely.

Recommendations:
BTC: Create a bull position around 65,000–65,500
Target: Around 63,200–64,000

ETH: Create a bull position around 1,900–1,930
Target: Around 1,800–1,840
#比特币