The analysis gave the support of 62500, and the highest rebound reached 63800. At the high point, the group chose to stop profit. Now it has returned to 62500 again. This wave belongs to the blood-sucking market. The market rebounded strongly, but the strength of the cottage rebound was not strong.
The daily line has a long upper shadow cross star, and the trading volume has increased but the price has not followed. It is favorable for the bulls in the past few days. These few days are also the first time since mid-June that a large positive line has appeared. The 10-day moving average and the 5-day moving average have turned upward, which is more favorable for the bulls.
The chain data also shows that 61000-62 In the 600 range, 237,000 addresses bought, and the ETF has also been in a net inflow state since the 25th. If you observe carefully, you will find that Bitcoin is now equivalent to a branch of the US stock market. The ETF falls when there is a net outflow, and rises when there is an inflow.
For intraday operations, you can refer to the short-term support of 61,800-62,200. The support has been broken through at 62,500, and the resistance level is still in the 64,000-65,000 range. The overall market is still rebounding. Don't be overly bullish. Treat it with a shock rebound in the short term.
