Daily analysis of white sugar market:

My personal thoughts today are not for investment reference

Yesterday, BTC fluctuated between a high of $67,102.01 and a low of $65,111, limited to a range of $65,062.17 to $67,613.6.

Current status: Today's early data shows that BTC has faced downward pressure from the resistance level of $64,800.

Key support level: $64,000, with a possible further correction of $62,500.

Key resistance level: Today's resistance level has shifted to $67,500 to $64,300. (Maybe there will be a V-turn)

Current price range: BTC fluctuates between $63,800 and $65,600, with $65,000 as the dividing line.

Daily indicators: 60% bullish, 40% bearish.

Long-short ratio: 1.45, indicating a balanced market.

Market sentiment: slightly bearish, with long positions accounting for 48.9% and short positions accounting for 51.1%, indicating that shorts have a slight advantage. Funding rate: between 0.0069% and 0.0129%, indicating stronger bullish sentiment. Open interest: $354 billion, down 1.39% from yesterday, consolidating. Fear and Greed Index: 69 (greed), turnover rate is 12%, indicating moderate bullish sentiment. Downside risk: A break below the $62,500 support range could open the way to the $60,000 level. Upside potential: Upside is currently limited by short-term resistance; an effective breakthrough is needed to target $72,900. Macro: US July S&P; P global manufacturing PMI is lower than the previous value and expectations, while the service industry PMI exceeds the previous value and expectations, and the composite PMI climbs, slightly reducing the probability of a rate cut, but the impact is not significant