Market analysis on July 16th BTC is currently around 64580 yuan, with a 24-hour high of 65590 yuan and a low of 6437 yuan. After rising, it has fallen back, but overall it is still running above 64000 yuan There are too many technical directions The 1-hour RSI is at 47, and the short-term momentum is not strong. The price is temporarily below 6.475 million in EMA20, but still above 6.435 million in EMA60 The 4-hour RSI is at 56, with a price higher than EMA20's 641800 and EMA60's 633800 The DIF of 4-hour MACD is 401, DEA is 288, and the red bar is 227. The 4-hour rebound structure has not broken The mid track of the 1-hour Bollinger Bands is at 64870, the lower track is at 6439, and the most critical short-term support for today is between 64300 and 64000 The contract funding rate is 0.0059%, with a position of approximately 1.994 billion US dollars. The rate is not high, and there is no obvious crowding of long positions in the contract ETF funds flowed back for two consecutive days, with a net inflow of $181.1 million on July 14th and another inflow of $107.7 million on July 15th, totaling nearly $289 million over the two days Macroeconomics is also more comfortable than a few days ago, with the 10-year US Treasury bond falling from 4.622% to 4.545%, and the US dollar index falling from 101.3 to 100.51, which is more favorable for BTC On a hot topic, the SEC has approved an increase in the holding and exercise limit of BlackRock's spot BTC ETF options to 1 million, which will increase institutional hedging and trading depth in the long run There are two opposite large movements on the chain, one is the transfer of 5908 BTC, approximately $383 million, from an address that has been dormant for 8 years, to prevent potential selling pressure On the other hand, whales continue to purchase approximately $170.5 million worth of BTC from Coinbase, indicating that there are also funds receiving goods around 64000 The June PPI in the United States was -0.3% month on month, lower than expected, giving risk assets breathing space in the short term. However, Powell is still emphasizing the issue of inflation, and interest rate expectations will continue to fluctuate The risks in the Middle East have not completely disappeared, but the US military claims that the latest round of operations has ended, and geopolitical news has not yet escalated into direct selling pressure on BTC The BTC liquidity index of Rhythm and the BTC liquidity index of the past 24 hours are both Buy, but the overall market liquidity is still Hold, indicating that BTC is stronger than the market, and counterfeiting should not be too aggressive for now Go long directly in the direction Don't chase above 65000, go long if you step back from 64300 to 64000 without breaking The first target is 65600 yuan, and after breaking through, we will see 66100 yuan Stop loss below 63900