📈 $BTC (2025-07-13 08:35) | Long/Short Trend Index: 76 / 100 (Strong Bullish)

BTC short-term surged above 118,000 and then entered a consolidation phase. MACD and RSI indicators have pulled back from high levels, while multi-period moving averages still show a bullish arrangement, but momentum is temporarily weak, and the short-term trend has entered a technical correction phase. If 117,000 is lost, it will face deep pullback risks; if it can break through the 118,300 area again with increased volume, it is expected to challenge 120,000.

🔹 Multi-period K-line trend judgment:

15-minute chart: Price consolidating around 117,300, MA7/25/99 flattening, MACD slightly golden cross but momentum weak, RSI recovering to 49.7, still in short-term oscillation and correction;

1-hour chart: Continuous consolidation for 5 hours without breaking new highs, MACD death cross but histogram shortening, RSI around 50.1, lacking directional momentum;

4-hour chart: After a rise, consolidation, MACD has pulled back from high levels, momentum bars gradually weakening, RSI has fallen from overbought zone to 69.4, upward momentum temporarily halted;

Daily chart: Price maintained at the high of the rising channel, MACD still golden cross but red bars shortening, RSI at 72.4, pullback risk increasing;

Weekly chart: After a long bullish candle, consolidation, MACD red bars continue to expand, RSI maintains at 69.2, bullish structure intact but momentum has not continued.

📊 Technical Indicator Analysis:

MACD: 4H and 1H cycle golden cross gradually turning into death cross, indicating a decline in upward momentum; daily/weekly golden cross unbroken but momentum slowing;

RSI: 15m/1H pulling back to near the midpoint (<50), 4H/daily/weekly still in strong area (>69), but showing signs of top divergence;

Moving Average System: All period moving averages still show a bullish arrangement, 15m/1H MA approaching convergence, indicating short-term balance between long and short;

Volume: After breaking through, volume has not been sustained, significantly decreased in the past 4 hours, and funds are in a wait-and-see mood.

🌐 Summary of Macro News (Last 24 hours):

1. [Bloomberg July 12 21:45] Grayscale and Fidelity's two ETFs have collectively inflowed over 540 million USD, pushing BTC holdings to an all-time high;

2. [Glassnode July 12 19:30] Short-term holders' profit rate has reached 97%, entering a potential selling pressure zone;

3. [CryptoQuant July 12 23:00] Exchange net inflow of BTC has been positive for two consecutive days, indicating short-term liquidation risk in the market;

4. [ARK Invest July 12 20:00] Indicated that in the next two weeks it will gradually reduce some BTC ETF exposure as part of quarterly portfolio adjustments.