Today is July 3, 2025, Thursday. Yesterday's article was still saying to take a look at the resistance level for a rebound. As a result, last night's rebound was a bit fierce, directly breaking through the intraday resistance and soaring upwards. However, this time Bitcoin is playing a solo act; Ethereum has also risen a bit, but it is still just a supporting role. Previously, Ethereum failed several times to break through the 2520 position, but yesterday it was pulled by Bitcoin and finally managed to reach around 2600. However, I'm not worried about waiting in cash; I don't think it's unnecessary or that I'll miss out on the subsequent market. What I'm most worried about now is whether this wave of rise will be the highest point, and there won't be any more play after that. The market has been consolidating for a bit too long; it's already been half a month since the drop on the 22nd of last month. But to be safe, I've been waiting for a second bottoming opportunity to enter the market. As a result, there hasn't even been a secondary low point up to now, so I'll just keep waiting; after all, I've endured this long, so a bit more time doesn't matter, and it's better than chasing high prices and getting trapped. Especially at this time point, the market should not be complacent due to temporary gains, nor should it be disheartened due to temporary losses. One must not think about chasing the rise; currently, the market still lacks liquidity, indicating that this wave of rise may not have much sustainability and could just be a fleeting moment.
Bitcoin is about to reach 110,000 again. The trend is a bit similar to the one from June 11 to 17; however, last time it dropped from 110,000 to 102,500 before rebounding to 109,000. This time, it dropped from 109,000 to 105,000 and quickly rebounded to a new high, with slightly stronger momentum. But the problem is that the trading volume for Bitcoin is not large; there are few sellers and not many buyers, so the price is stuck. Today's pullback is highly likely; the key is to see where it pulls back to. The first support level is around 107,000, but the key is still the defense situation in the 105,000-106,000 range.
This wave of Ethereum can be considered a catch-up rise, but compared to the previous Bitcoin high of 110,000 and Ethereum's high point of 2880, it has only rebounded from 2100 to 2600, which is still quite a difference. The overall market liquidity hasn't noticeably increased; Ethereum's overall trend is still relatively weak. Today's Bitcoin pullback will similarly lead to a retreat in Ethereum. The first support is seen in the 2450-2520 range; if it breaks below 2450, then we will look at 2320-2360.
Still the same saying: don't get carried away by gains, and don't be disheartened by losses. The market is always changing; staying calm is the key to seizing opportunities. Right now, there are definitely many people shouting to chase the rise, but the more it is like this, the more one must maintain a steady mindset.
In terms of news, the verbal battle between Trump and Musk didn't even last 24 hours. As expected, Musk was the first to back down. There's no way around it; even if he is unwilling, the shareholders behind him will force him to compromise. Not only Tesla, but also SpaceX's financing, government orders, and Starlink's international business are all pushing Musk to at least make some concessions publicly.
Personally, I believe that this matter between Musk and Trump is not over. I estimate that neither of them is willing to back down right now; they are just holding each other in check, each with their own plans. In politics, there are no eternal enemies; both of them need time to consolidate their positions. Therefore, the next issue will circle back to tariffs. Next Thursday, Beijing time, is the final deadline for reciprocal tariffs. Let's see how the market reacts by then.
Today's content sharing ends here. See you next time!