Daily analysis:
Bitcoin has been under selling pressure in the past few days. After reaching a high of 70881.0 in mid-July, the price has gradually declined. The current price is hovering around 64506.8, and the short-term moving average is showing a downward trend. The momentum column of the MACD indicator continues to be in the negative area, showing that the market's selling pressure is still heavy and the momentum for a short-term rebound is insufficient. At the daily level, if the price cannot hold the support of 64500, it may further decline and look for stronger support below.
Four-hour line analysis:
On the four-hour chart, Bitcoin was blocked again after a round of rebound, and the current price is in a downward trend. Multiple moving averages formed a dead cross, indicating that the short side is dominant in the short term. The green column of the MACD indicator gradually enlarged, indicating that the market is still in the process of adjustment. If the price falls below the support of 64,500, it may further drop to around 64,000; on the contrary, if it can stabilize and rebound, it is expected to test the resistance level of 65,000 again.
One-hour line analysis:
On the one-hour chart, BTC shows a volatile downward trend in the short term, and the current price is running below the moving average. The MACD indicator has rebounded slightly, but is still in the negative area, indicating that the market rebound momentum is limited. The recent key support level is 64,500. If this support level cannot be maintained, market sentiment may weaken further; if the price can stabilize and rebound here, there is a chance to rise slightly to 65,000.
Operation suggestions:
For short-term investors, you can pay attention to the support strength of 64,500. If the price effectively falls below this support level, it is recommended to reduce positions or stop losses appropriately and wait for market stabilization signals before entering the market. For medium and long-term investors, you can consider gradually building positions in the range of 63,000-64,000 and pay attention to risk control. When the overall market direction is unclear, it is a more stable strategy to wait and see and wait for clearer trend signals.
