📉 $BTC（2025-07-12 08:35）｜Long and Short Trend Index: 67 / 100（Strongly Bullish）

BTC entered a phase of consolidation after surging to 118,000 yesterday, showing signs of certain short-term momentum weakening. Multi-period moving averages remain in a bullish arrangement, and the daily and weekly structures have not been broken, but the 15-minute and 1-hour charts exhibit characteristics of a top divergence, indicating technical adjustment risks in the short term, with attention on the support level at 116,000.

🔹 Multi-Period K-Line Trend Assessment:

15-minute chart: High-level consolidation, MA7/25/99 are tending to converge, MACD has crossed downwards and fallen below the 0 axis, RSI has retreated to 45.1, short-term is slightly weak;

1-hour chart: Price is consolidating at a high level, MACD histogram continues to shrink, death cross signal confirmed, RSI has retreated to 58.3, bullish momentum is slowing;

4-hour chart: Still in a strong upward structure, price stabilizing above MA7/25, MACD red histogram shortening but not crossing down, RSI maintains at 74.0, trend remains intact;

Daily chart: Continues to hold above MA7/25, MACD golden cross diverging, RSI high at 71.7, structure is healthy but short-term gains are too rapid, may see technical correction;

Weekly chart: MACD golden cross continues to expand, momentum bars enlarge, RSI rises to 69.2, long-term structure continues to maintain a strong bullish pattern.

📊 Technical Indicator Analysis:

MACD: 15m/1H period shows a death cross and histogram turning green, short-term adjustment expectation increases; 4H/daily/weekly still maintain bullish momentum, trend remains intact;

RSI: 15m/1H retreat is evident (45.1 / 58.3), but 4H/daily/weekly still in a strong zone ( >70), bullish advantage has not been lost;

Moving Average System: All periods MA7/25/99 maintain a bullish arrangement structure, only 15m short-term tends to converge, indicating price consolidation at high levels;

Trading Volume: Breakthrough phase accompanied by increased volume, the last two K-lines have seen reduced volume consolidation, no obvious selling seen, but momentum slightly weakened.

🌐 Macroeconomic News Summary (Last 24 hours):

1. 【Bloomberg July 11 23:00】BlackRock Bitcoin ETF daily inflow exceeded $300 million, net inflow for the 7th consecutive day;

2. 【The Block July 11 21:15】Fidelity report indicates retail funds are slowly returning, expected to further boost prices in Q3;

3. 【Cointelegraph July 11 19:45】Increased inflow of stablecoins on the BTC chain indicates potential buying pressure is accumulating;

4. 【CryptoQuant July 11 18:10】Exchange Bitcoin balances have fallen to the lowest level in nearly three years, market sell pressure is very light.