Confirmation of the 106800 Bull-Bear Watershed! BTC reverses and breaks through the 109k liquidity zone, be cautious of high-level fluctuations during the market closure this week.
This wave of reversal in Bitcoin caught many off guard. Initially, I was bearish, but after effectively breaking through the central position of 106800, my overall view changed. In yesterday's analysis, it was also mentioned that if it couldn't effectively break through the 106800 position, it would be a downward trend. Instead, it surged strongly, and the high point directly reached the massive liquidity liquidation position at 109k!
Market Trend:
The market will experience a pullback next, but the extent won't be very large. In the coming time, we need to continue to pay attention to the central position of 106800, which has now turned into support. At the same time, tomorrow (Friday) the U.S. stock market will be closed, and with Saturday and Sunday, the market will be closed for three consecutive days. Bitcoin is likely to undergo high-level fluctuations again, so we can shift our focus to altcoins!
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BTC Analysis: July 3, 2025 Daily Chart
