$BTC 7.18 Crypto Market Quick Report

BTC current price is $63,950, up 1.78% over the past 24 hours. Intraday volatility has stabilized and repaired; in the early session it briefly dipped to 62,800 support, then fresh capital entered and pushed higher. ETH is slightly weaker, holding around $1,840 in range trading; the sector is highly divergent, with smaller coins rotating and being actively traded. XEC surged 23% in a single day, while OXT rose more than 180%. Most altcoins remain down, and a structurally driven market is becoming more evident. In the past 24 hours across all of the web, 83k people were liquidated; shorts concentrated their stop-losses and exited. The Fear and Greed Index is still in the extreme fear range, and overall long-side confidence remains insufficient, Sina Finance.
Macroeconomic factors are clearly split: June CPI falling has weighed down July rate-hike expectations, and long-end U.S. Treasury yields edged lower; however, multiple Fed officials continue to send hawkish signals, emphasizing that if inflation has not met targets, further rate hikes are not ruled out. Middle East conflict continues to escalate; Iran and the U.S. target each other’s infrastructure. Crude oil jumped to above $82. Energy price increases bring concerns about a rebound in inflation, continuously pressuring the valuation of risk assets. On the funding side, BTC spot ETF inflows were slightly net-positive, but the inflow volume is minimal. Institutions are only testing the waters with positioning, and the existing game of supply and demand remains unchanged.
MSTR recently slightly increased its BTC holdings to add to its position, but the pressure from long-term cash flows tied to large BTC sales and interest payments in early July is still present. Short positions remain at high levels, capping the height of any rebound. The U.S. crypto CLARITY bill’s approval expectation has fallen to 32%, and the regulatory-good news for the short term fails to materialize. On the technical side, resistance is 64,800-65,300, and support is 62,800.
The trading approach is mainly range-based swings: don’t chase after price. Use light short exposure near rebound resistance, take short trades on pullbacks versus support, and balance with short-term longs while strictly setting stop-losses. Only if price can stand above 65,500 with increased volume will there be a chance to open up upside room. Geopolitical news causes frequent volatility, so keep leverage strictly under control.
Risk warning: Crypto assets are extremely volatile. This content is for information reference only and does not constitute investment advice.