Latest Bitcoin Market Update: 《 The rebound after hitting the bottom 0.5 position will be revealed next week, with a high probability of continuing to explore upwards Let's first take a look at a set of core data and information: After BTC fell from its high of 65600, it received buying support around 62700 and is currently rebounding to around 64000. Affected by the failure to release updated text during the CLARITY Act hearing, market uncertainty intensified and prices fell below 64000 at one point. The testimony at the Federal Reserve's Walsh hearing was neutral and did not release clear policy signals. There has been no substantial progress in the Clarity bill hearing, and the probability of Polymarket passing has dropped to 31%. Geographically, the ongoing US Iran conflict has suppressed risky assets as oil prices remain above $80. Summary: The bullish trend in CPI has been fully digested, but the uncertainty surrounding the Clarity Act, geopolitical factors, and the sell-off of technology stocks have all been suppressed, resulting in limited room for rebound in the future. Let's take a look at the strength and weakness of long and short positions: The strength of long and short positions at the four hour level is evenly matched, but from July 1st to present, the fluctuation curve of long and short positions shows that the overall long position is strong. 63500 is an important support in the near future. If it can be held, the rebound structure will still be biased, and it is expected to challenge the resistance of 65700 again; If the rule is violated, it will fall again above 62500 and retrace to the short-term temporary bottom support. Analysis of Subject Behavior of On chain Data: ETF net inflow for 3 consecutive days, totaling $368 million: BlackRock IBIT contributed 33.44 million, and Fidelity FBTC net inflow was 30.73 million. But we need to remain calm: ETFs are being bought while prices are falling, and institutional buying is being hedged by geopolitical and profit taking selling pressures. Long term holders (LTH) have reached a historic high in their holdings: LTH holdings have reached a historic high of approximately 14.85 million BTC, absorbing tokens released during market downturns, resulting in more loss BTC than profit BTC. This pattern has historically been concentrated near the bottom of cycles. Data shows that the supply of LTH has reached 16.34 million units, with an increase of about 371000 units in the past 30 days, but demand remains weak. BlackRock transfers $140 million BTC: Onchain Lens detected 2152 BTC (approximately $140 million) transferred from Coinbase Prime to undisclosed custodial wallets. This is essentially institutions withdrawing coins from exchanges for custody, reducing market tradable supply, and belongs to the signal of "supply contraction" rather than price driven. Summary: Long term holders continue to attract funds (bullish), but weak demand has led to supply contraction that has not yet translated into price increases (neutral), resulting in a divergence between short-term ETF funds and prices. Friday market summary: The Bitcoin market is still a dead cat rebound in a wide range of fluctuations, with a short-term bullish trend. It is highly likely to continue to rebound upwards next week, but the rebound space is limited. Next week, make a plan to lay out empty spaces around 68000. BTC Bitcoin market three-dimensional integrated trading system