Sugar daily point analysis:

BTC is supported at the $63,000 daily capital flow support level, and subsequent analysis also confirmed this support. BTC surged to $68,000 after breaking through the $66,000 mid-term pivot point over the weekend.

BTC has strong momentum and is likely to expand to $73,000.

Support level: $62,500~$64,800.

Resistance level: $72,900~$73,100.

Current price range: BTC is expected to be mainly in the support range of $62,500 to $64,800 and the resistance range of $72,900 to $73,000, so long and short give everyone a good range of space.

Daily indicator: 100% bullish, 0% bearish.

Long-short ratio: 0.99, slightly bullish advantage.

Market atmosphere: 50.1% long positions and 49.9% short positions, relatively balanced, alternating frequently.

Open interest: $371.6 billion, up 10% from Friday, indicating increasing market participation.

Fear and Greed Index: 74 (Greed), with a turnover rate of 11%, indicating bullish sentiment

Downside risk: If BTC pulls back, it is expected to find support between $62,500 and $64,800. A break below this range could signal a shift from a bullish phase to a correction phase.

Upside potential: Sustained momentum above $66,000 could open up further upside potential for BTC.

Macro: 1. President Biden's withdrawal from the campaign indirectly boosted the prospects of former President Trump. Given Trump's positive stance on cryptocurrencies, this development has a positive impact on the crypto market.

2. Israel launched an airstrike on the Houthis in Yemen, and the Houthis subsequently threatened to escalate their attacks on Israel. These developments suggest that if Trump is re-elected, tensions in the Middle East will increase, which could affect global markets, including cryptocurrencies