7.2 Market Analysis:
The market now feels like binge-watching a series! The Israel-Hamas conflict just ended, and I thought we could expect a climax, but suddenly Trump × Musk launched season two—verbal sparring +5, Tesla stock price -5%.
Bitcoin's daily chart has three consecutive bearish candles accurately touching MA60≈105K; we will see the outcome in two days—if it holds, there’s hope to surge to 108K+, but if it breaks down, it could prolong the adjustment. The hourly chart shows a bottoming pattern at 105K; technically, it’s quietly building up for a rebound, but ETFs have just seen a net outflow of 347 million dollars, with sentiment wavering.
Yesterday, the altcoin was supposed to retrace to 2450, but it unexpectedly dipped to 2373, a deeper drop than anticipated. 2370 is a strong support level; in the short term, we still look for a bounce back to 2450.
🔥 Today's market highlights:
1️⃣ Musk harshly criticized the 'Beautiful America Act,' claiming he will start anew; Trump retorted, 'Tesla should be reprimanded.'
2️⃣ The SEC may be brewing a universal standard for crypto ETFs, and altcoin ETFs are expected to line up for entry.
3️⃣ WLFI hinted at TGE, and when the market improves, an epic 'bull-bear battle' is about to unfold.
The macro storyline can’t just stop, but opportunities often hide in the 'unexpected'—keep a close eye on the 105K threshold; the main event is just getting started.
