1. Today's Core News in the Coin Circle (July 7)

1. MSTR Sells 3,588 BTC, Breaking "Buy and Don't Sell" Commitment
MicroStrategy disclosed on July 6 that it sold 3,588 bitcoins (approximately $216 million) to pay dividends on its digital securities preferred stock. The company's annual dividend expenditure reaches $1.5 billion, putting pressure on its funding chain; BTC is shifting from "strategic reserves" to "liquidity management tools," slightly suppressing market sentiment in the short term.

2. Rising Expectations of Fed Rate Cuts
Recent U.S. employment data fell short of expectations, and U.S. Treasury yields declined, leading the market to raise the probability of Fed rate cuts. Improved expectations for U.S. dollar liquidity prompted a rebound in risk assets overall, with BTC bouncing back from a low of $57,800 to around $64,000.

3. BTC Spot ETF Ends Consecutive Outflows
The Bitcoin spot ETF has seen a return of net inflows, ending previous consecutive net outflows, signaling a return of institutional funds and a gradual repair of market sentiment from pessimism.

4. Other Notable Events
• NATO Summit held July 7-8, watch for the transmission of geopolitical risks
• OpenAI releases GPT-5.6 today, potential linkage between AI and Crypto sectors
• Historical seasonal trends in July are generally bullish, but beware of risks of a second bottom after a rebound
2. Overall Market Analysis

The current market is characterized as a technical rebound driven by overselling recovery and shorts covering, rather than a trend reversal. Following the significant drop in June, BTC rebounded for six consecutive days from a low of $57,813, reaching a high of $63,999, with a cumulative increase of approximately 10.7%; SOL shows the strongest elasticity, with a weekly increase of over 20%. However, trading volume continues to shrink, and there is considerable pressure from trapped positions above, with the macro bearish pattern yet to change, entering a high-level consolidation phase in the short term.
3. BTC Bitcoin Strategy and Entry Points

Key Levels
Strong Resistance 64500–64700 Previous rebound high point, dense trapped position area
Short-term Resistance 63900–64100 Daily bull-bear dividing line
Short-term Support 62400–62600 Daily bull defensive bottom line
Strong Support 61900–62000 Central point of this round of rebound; falling below re-enters the downtrend channel

Trading Strategy
Long Position Approach (Buying on Dips)

• Entry: Stabilize within the 63200–63300 range on dips to build longs in batches; if it dips quickly to around 63,000, additional positions can be added
• Stop Loss: Unified stop loss at 62800 (if broken, the upward structure is damaged)
• Take Profit: First target 64000, second target 64600–64700
• Overachievement: If it breaks 64800 with volume, keep a small portion of the base position to target 65300

Short Position Approach (Pressured at Highs)
• Entry: Sell on short in batches when rebounding to the 64100–64500 range
• Stop Loss: Above 65000
• Take Profit: First target 63000, second target 61500

4. ETH Ethereum Strategy and Entry Points
ETH's performance is generally tied to BTC, with weaker rebound strength than SOL, and has seen high points decrease for three consecutive days, indicating diminished bullish momentum, with profit-taking becoming evident at high levels.

Key Levels
Strong Resistance 1810–1848 Highest point of this round of rebound; only breaking it opens up new space
Short-term Resistance 1790–1800 Previous double top, concentrated trapped area
Short-term Support 1750–1757 Hourly moving average central point, today's strength-weakness dividing line
Strong Support 1720–1730 This round of rebound dense position area
Life Line 1680 If effectively broken, the rebound is deemed to be over

Trading Strategy
Long Position Approach

• Entry: Stabilize within the 1720–1730 range on dips to take longs
• Stop Loss: Below 1680
• Take Profit: First target 1790, second target 1810

Short Position Approach

• Entry: Pressure selling at rebound of 1790–1800
• Stop Loss: Above 1815
• Take Profit: First target 1750, second target 1720

5. SOL Solana Strategy and Entry Points
SOL is the leader of this round of rebound, showing the strongest elasticity. Overall technical indicators are bullish, but it is approaching a resistance area in the short term, making chasing up risky.

Key Levels
R3 Resistance 84.27 Strong resistance area
R2 Resistance 83.29 Secondary resistance
R1 Resistance 81.98 Daily first pressure

Trading Strategy
Long Position Approach
• Entry: Light position test long on dips within the 79.5–80.0 range
• Stop Loss: Below 77.5
• Take Profit: First target 83.0, second target 84.0–84.3

Short Position Approach
• Entry: Sell when rebounding to the 83.0–83.5 range
• Stop Loss: Above 85.0
• Take Profit: First target 80.0, second target 78.5

6. Overall Operation Reminders
1. Position Control: For short-term positions, recommend keeping within 20-30%, heavy positions are strictly prohibited
2. Strict Stop Loss: All positions must have stop-loss orders, market volatility is fierce, do not expect luck
3. Do Not Chase Up or Down: The current trend is a consolidation recovery market, chasing up can easily lead to being harvested on both sides
4. Watch Volume: If there is a subsequent increase in volume that breaks through key resistance levels, adjust thinking accordingly; shrinking volume during rebounds should alert for potential pullbacks
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