Crypto Market Analysis: Secrets Behind the 'Weak Fluctuation' of Bitcoin on July 2! Ethereum's Weak Trend, Any Rebound is Main Force's Exit! Latest Market Analysis
Crypto Market Analysis: Latest Bitcoin Market Analysis on July 2
Article Published on 2025.7.2----00:10
Current Bitcoin Price: 106,000. Analysis shows that the main force's fluctuation range is currently concentrated near the middle track of the Bollinger Bands. Although there was a rebound previously, the current downward pressure is evident, so in the short term, the market may continue to show weak fluctuations or decline further. There is a possibility that the price may test the lower track of the Bollinger Bands and previous key support levels. Finally, it is recommended to avoid aggressive long positions in the short term and to pay attention to the performance of prices at support levels. If the price can hold these positions and show signs of stabilization, consider attempting small positions for a low buy setup. If the price breaks below key support levels, it is advised to stop positioning and tend to continue observing or consider short strategies to protect capital safety.
Today's Reference Points:
Long Entry Point: 105,500, Defense: 105,000, Stop Loss: 500 points, Target: 108,000
Short Entry Point: 108,000, Defense: 108,500, Stop Loss: 500 points, Target: 106,500
Latest Ethereum Market Analysis
Before publishing, the current price of Ethereum is 2,420. Analysis shows that the overall market is still in a downward fluctuation trend, with the price hovering around key support areas, and no strong rebound signs have been seen. Therefore, in the short term, the price is still fluctuating near key support levels. The MACD and RSI indicate strong downward momentum, and the short-term rebound is weak. However, BOLL indicators suggest that market volatility is weakening, and RSI is approaching oversold territory, indicating a slight rebound might be possible in the short term. The overall market is weak, but the downward space may gradually shrink. Finally, it is recommended to observe the performance of the current support at 2,420. A light position can be attempted for a long setup nearby. If the price breaks below the 2,400 integer level, it may further open up downward space, and it may be considered to follow the trend and go short.
Short-term Strategy Reference:
Long Entry Point: 2,410, Defense: 2,380, Stop Loss: 30 points, Target: 2,470
Short Entry Point: 2,480, Defense: 2,515, Stop Loss: 30 points, Target: 2,430
The above is a brief analysis by Crypto Market Analysis for the current market situation, for investors' reference $BTC