📈 $BTC (2025-07-05 11:35) | Long/Short Trend Index: 65 / 100 (Neutral to Bullish)

BTC stabilized and rebounded shortly after falling back to around 107,000 yesterday, currently trading above 108,200. Short-term technical indicators have improved, but medium-term momentum still needs confirmation. Overall trend is neutral to bullish, and attention should be paid to the resistance in the 109,000 area.

🔹 Multi-period K-line trend judgment:

15-minute chart: Short-term rebound after stopping the decline, price has risen above MA99, MACD forms a golden cross with increased volume, RSI rises to 61.4, short-term momentum warming up;

1-hour chart: Rebounded after finding support at 106,000, but still oscillating near MA99, initial appearance of MACD golden cross, RSI rises to 48.9, recovering but trend not established;

4-hour chart: Overall in a high-level oscillation structure, MACD oscillating near the zero line, RSI at 50.8 is neutral, price is strong but momentum is insufficient;

Daily chart: Maintained above the 7-day and 25-day moving averages, MACD lines approaching, volume slightly shrinking, RSI at 55.5, maintaining a mildly bullish structure;

Weekly chart: Overall channel still maintains an upward trend, MACD golden cross continues but momentum bars slightly converge, RSI at 63.2, long-term structure is healthy but needs consolidation.

📊 Technical Indicator Analysis:

MACD: 15m/1H forms a golden cross, short-term momentum shows signs of recovery, 4H daily line still neutral, weekly momentum bars tend to flatten;

RSI: Short-term rebounds above 50, 1H/4H maintains between 50~60, daily at 55, weekly at 63, momentum slightly improves but not strong;

Moving Average System: Price has risen above MA7/25, oscillating near MA99, 1H and 4H moving averages are cohesive, trend waiting for directional choice;

Trading Volume: Short-term rebound volume is weak, momentum still appears insufficient, if breaking above 109,000, confirmation with volume is needed.

🌐 Macro News Summary (Last 24 hours):

1. [CoinDesk July 5] Fidelity and VanEck submitted supplementary documents for ETH spot ETF, hinting at possible expedited approval;

2. [Bloomberg July 4] Fed meeting minutes lean dovish, market re-evaluates the probability of interest rate cuts in September, dollar index falls boosting crypto assets;

3. [CryptoQuant July 5] Net outflow of Bitcoin from exchanges has risen for three consecutive days, on-chain data supports market bottoming and rebound;

4. [The Block July 4] Major mining companies Riot and Marathon both disclosed a slowdown in Q2 sell-offs, reduced selling pressure from miners helps support the market.