Market Review:
The highest point yesterday for the first was: 108528, the lowest was 107172, with a fluctuation of 1356 points; the second highest yesterday was: 2525, the lowest was: 2412, with a fluctuation of 113 points. Yesterday was Sunday.
Recently, the market has been continuously fluctuating. BTC attempted multiple times to break above the 1090 resistance on the weekend but failed. Today, although there was a slight rise, it clearly shows that the bulls are losing strength. The rapid rise at the daily level has reached a temporary peak. Based on previous analysis, the fluctuating market is expected to end within this week and start a correction cycle. Attention should be paid to the strength of this correction: if the late June low cannot be effectively solidified, even if the adjustment is not in place before mid-July, short-term entry can be considered. After all, market liquidity is expected to recover by the end of July, and the trend is gradually becoming clearer.
ETH also maintained a fluctuating trend over the weekend. Today, the attempt to break through the 2520 resistance level failed again, and the recovery momentum has shown signs of decline, making it difficult for a significant breakthrough in the short term. The current strategy remains focused on patient waiting. Whether for mid-line bottom layout or short-term opportunities, one must wait for the trend to become clear before taking action.
Today's Monday Highlights:
BTC
BTC's market is currently at the third secondary high point of the daily down channel. According to the emergence of this secondary high, a market decline is coming soon. Today's intraday high has appeared at the 108800 position. At the daily level, it is unlikely to stabilize around 108000. However, today’s correction strength should not increase. One can consider observing the intraday support level around 106500. If this support is broken, attention can be shifted to the 103000-104000 interval. This week will conclude the current high point consolidation.
ETH
ETH's market today has again touched the resistance level of 2520 without stabilizing in the phase. Therefore, there is no need to worry too much. Some may ask if ETH will make up for gains during the big market consolidation phase. According to the daily level comparison, the key defensive zone is the 2560-2650 interval. However, for now, let's stabilize at 2520 first. The intraday support at 2400 has also been repeatedly tested and rebounded. Today, since the 2520 did not stabilize, the first support level can be placed in the 2400-2450 range. If it breaks below 2400, compared to the major market's 106000 defense level, the market will directly fall to the 2200-2300 range.
Altcoins
The market is never a battlefield of either bullish or bearish; it is a test of human nature. Seeing a bullish candle, one eagerly chases gains; encountering a bearish candle, one hurriedly sells off. Such a mindset, swayed by short-term trends, is destined to become a victim of the market. One must remain calm like a hunter—patiently waiting for the best opportunity, not acting blindly due to brief market fluctuations, and certainly not losing rhythm due to momentary gains and losses. Remember, those who can maintain their mindset, not the smartest, will endure in the market for the long term.