‼️July 5th 【BTC Market Analysis】
Yesterday, the BTC market dipped to the daily level key defensive support near 107,500 USD. Although it briefly fell below this level, it quickly rebounded, indicating that there is some buying support in this area. However, the overall rebound strength is relatively limited and has not formed an effective short-term trend reversal.
🔍 Technical Structure Analysis:
• The current daily structure is still in a strong oscillation pattern, with 107,500 USD being the current defensive bottom line, which has not been effectively broken;
• Short-term rebound resistance levels:
• First resistance: 108,500 USD (key pressure for the day)
• If the four-hour period successfully closes above 108,500, the rebound momentum will strengthen;
• Upper target pressure range: 109,500 – 110,000 USD, which is a dual pressure area from the previous high dense trading zone and integer levels.
• Key support below:
• First support: 107,200 USD (short-term pullback target)
• Deeper support levels are: 106,500 / 105,000 USD. If the daily defensive level is lost, it will shift to medium-term adjustment risk.
📊 Operation Strategy Recommendations:
1. Daily bullish strategy:
• If the 4H closes effectively above 108,500, a light position long can be attempted, targeting 109,500 – 110,000;
• If the rebound is blocked below 108,500, the market may continue a weak oscillation, and short-term longs should not chase higher.
2. Bearish strategy:
• Watch for short opportunities in the 109,500 – 110,000 range, entering based on 1-hour divergence or top pattern;
• If the price loses 107,200 or shows a significant breakdown below 107,500, the probability of further probing into the 106,500 – 105,000 area increases.
3. Position and Risk Control:
• The market may show a directional choice after the non-farm data is released, it is recommended to maintain a light position and strictly set stop-losses.
📊 Market Data Briefing:
• Past 24h total liquidations: 190 million USD
• Total contract positions: 14.782 billion USD
• Total trading volume: 174.87 billion USD
🧨 Cherish life, stay away from heavy contract positions!
Yesterday, the BTC market dipped to the daily level key defensive support near 107,500 USD. Although it briefly fell below this level, it quickly rebounded, indicating that there is some buying support in this area. However, the overall rebound strength is relatively limited and has not formed an effective short-term trend reversal.
🔍 Technical Structure Analysis:
• The current daily structure is still in a strong oscillation pattern, with 107,500 USD being the current defensive bottom line, which has not been effectively broken;
• Short-term rebound resistance levels:
• First resistance: 108,500 USD (key pressure for the day)
• If the four-hour period successfully closes above 108,500, the rebound momentum will strengthen;
• Upper target pressure range: 109,500 – 110,000 USD, which is a dual pressure area from the previous high dense trading zone and integer levels.
• Key support below:
• First support: 107,200 USD (short-term pullback target)
• Deeper support levels are: 106,500 / 105,000 USD. If the daily defensive level is lost, it will shift to medium-term adjustment risk.
📊 Operation Strategy Recommendations:
1. Daily bullish strategy:
• If the 4H closes effectively above 108,500, a light position long can be attempted, targeting 109,500 – 110,000;
• If the rebound is blocked below 108,500, the market may continue a weak oscillation, and short-term longs should not chase higher.
2. Bearish strategy:
• Watch for short opportunities in the 109,500 – 110,000 range, entering based on 1-hour divergence or top pattern;
• If the price loses 107,200 or shows a significant breakdown below 107,500, the probability of further probing into the 106,500 – 105,000 area increases.
3. Position and Risk Control:
• The market may show a directional choice after the non-farm data is released, it is recommended to maintain a light position and strictly set stop-losses.
📊 Market Data Briefing:
• Past 24h total liquidations: 190 million USD
• Total contract positions: 14.782 billion USD
• Total trading volume: 174.87 billion USD
🧨 Cherish life, stay away from heavy contract positions!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
108,180
+0.14%