๐ก **7/17 Midday Report: BTC 63.8K, Direction Picking Before the Weekend**
Itโs Friday again.
BTC has been trading sideways around 64K for over a day and a half. Stuck in betweenโnot up or downโthis is the biggest characteristic of this phase.
**๐ Key Data for Today:**
โ BTC $63,852 โ dipped as low as $63.5K in the early hours, then bounced back
โก 63.5K has once again validated supportโthis is the fourth time
โข Yesterdayโs ETF data hasnโt come out yet, but BlackRockโs $80.82M buy from the day before remains the strongest support logic
โฃ The market is waiting for more clues from next weekโs FOMC
**Market Phase Assessment:**
Right now, the market is in the โfully digesting periodโ after CPI turned favorableโafter BTC rose from 62K to 65K, it needs a new catalyst to push higher again.
In fact, across the three-period broadcasts this week, theyโre all talking about the same thing: **63.5K is the new consensus bottom, but thereโs a lack of momentum to break through 66K.**
This isnโt necessarily a bad signโthe bottom is being lifted steadily, and each pullbackโs low point is moving higher (62Kโ62.5Kโ63Kโ63.5K). The trend looks healthy.
**For todayโs Fridayโkey points to watch:**
โ If todayโs ETF data shows positive net inflows again, there could be a small rebound over the weekend
โก If ETFs see outflows, next week may revisit the 62.5Kโ63K range
โข The aftershocks from the Wosch hearings are still around, but the marginal impact is fading
**Trading Reference (not advice):**
Weekend liquidity is usually low, making โfalse breakoutsโ more likely. Whether it moves up or down, watch more and act less.
Have a great weekend, everyone. If BTC holds above 63K, next weekโs story may be even more exciting.
Are you bullish or bearish for the weekend? Letโs chat in the comments๐
$BTC #ๅ้ดๆญๆฅ #ๅจไบ่กๆ
#63.5K support #Weekend strategy