Today's Market Analysis Share
On July 4, 2025, the crypto market experienced a significant rebound, with BTC reaching a new high of $1097. The main reason was the trade agreement between Trump and Vietnam, which boosted market risk appetite and led to a rapid inflow of funds into Bitcoin, driving a general rise in mainstream coins. However, it is important to note that the U.S. SEC's suspension of the Grayscale ETF conversion approval has released signals of regulatory uncertainty, which could disturb mid-term sentiment.
From a technical perspective, BTC's daily chart closed with a large bullish candle, opening up a short-term upward channel. However, trading volume has not effectively increased, still leaning towards a consolidation top structure. There is clear resistance above $1100, so the strategy should be to be cautious of the risk of a pullback after a surge. It is recommended to consider short positions in the range of $1095-$1105, with support to watch at $1075.
ETH also showed a strong rebound, breaking through the previous resistance zone. If the volume continues to increase and it stabilizes above $2700, a new wave of upswing will be established. However, if it falls back below $2500 and the volume increases on the downside, one should guard against a rapid retracement.
Altcoins overall are relatively weak, with funds concentrated in BTC and ETH. At this stage, it is not recommended to chase high altcoins but to look for low-entry opportunities in narrative-driven consensus projects like LDO, ARB, S, etc. The overall strategy remains cautious, reducing positions on rallies and waiting for a genuine volume breakout signal.
