7.6 Early Morning Bitcoin Market Analysis
Good morning, friends. A new week has started, so let’s meet it as a brand-new self. Over the weekend, Bitcoin launched a “bull attack.” On Saturday and Sunday, it repeatedly tested the 63,000 resistance level during the day, vaguely forming signs of a breakout. Then on Saturday evening, the price saw a slight increase in volume, gradually moved up, and broke through the 63,000 level. This continued until nearly Sunday morning, when it began to pull back and repair, stabilizing with support around the 62,000 area. Finally, in the early hours of today, the price once again saw a volume-driven rebound, charging straight toward the 64,000 level. As for Ethereum, it began oscillating and moving upward starting Saturday; in the early hours of Sunday, it set a recent new high of 1,808, then lagged and stalled. It pulled back and repaired to the 1,750 support area. After that, the rebound lacked sufficient volume and failed to break through again.
From the current 4-hour timeframe for Bitcoin, the price is near 63,700, with a highest touch at 63,990, approaching the 64,000 integer level. This suggests the short-term bull trend is still continuing, but due to the resistance above 64,000, it did not manage to break through in one move. Also, volume follow-through is not obvious—it’s a situation of volume for turnover, and divergence between bulls and bears is increasing. This position has already entered the high zone since the rebound from 57,758. There are signs that upward momentum is fading, and in the short term there is a need for a pullback to confirm. Going forward, first focus on whether the 63,300–63,000 area can provide effective support. If the pullback does not break through, the rebound structure remains intact, and you can look toward 64,000–64,500. Conversely, if it breaks below 63,000, pay attention to the pullback toward the 62,500–62,800 area. For friends with low-position exposure, you can gradually reduce your holdings to lock in profits, then wait for a stop-falling signal to re-enter when the pullback stabilizes, or follow on the right side after a volume-driven breakout above 64,000 is confirmed. For Ethereum, the next rebound looks to break through the previous high; on the downside, watch the 1,750 area for support. $BTC #Vitalik公布精简以太坊路线图 $ETH