On July 7, Bitcoin started to rise slowly from July, and in the overnight early session, it surged to around the 64700 mark. It has now pulled back to gather strength for a further attack on higher levels, which everyone should pay attention to, especially friends in the short position.

After a bottoming out at the weekly level, it has begun to rise. The Bollinger Bands are gradually starting to turn upward, and the MACD indicator is consolidating below, indicating a shrinking bearish volume pattern. It can be seen that the bulls are about to take over the market below, and from the market performance, a significant increase is evident, so it is only necessary to determine support for buying at the smaller levels.

At the four-hour level, the bottom support continues to rise, with price piercing the upper band and then forming an upper shadow before pulling back. This is a normal sign of a retracement after a strong upward movement. The support point at the bottom is at the lower band of the four-hour frame, so a bullish outlook should be taken if it retraces to this level during the day.

It is suggested to look for buying opportunities in batches in the 62200-62500 range, targeting 64500, and looking for a breakout towards around 66000. These levels are for reference only.

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