Yesterday's Market Review (July 4th)
Bitcoin: The price fluctuated between $107245 and $109767 throughout the day, with a range of approximately 2.3%.
Ethereum: The price fluctuated between $2473.07 and $2601.96 throughout the day, with a range of nearly 5%.
Today's Market Analysis (July 5th)
Current Bitcoin Quote: $109534
From a technical perspective, the 4-hour chart shows that BTC has broken through the previous downward trend line and is currently fluctuating around $108500, with bulls still dominating. If the support level of $108500 can be maintained, it may challenge the historical high of $111900; if it falls below this support, it may fall to $106500 or $105200.
Short-term attention: The 15-minute chart shows a "top divergence" signal, which may trigger a slight correction, but the overall structure of the 12-hour and daily levels is still bullish, and the correction is a normal adjustment with no significant risk of a sharp decline.
Key Levels for Reference:
Resistance: $110200, $111900.
Support: $108500, $106500, $105200.
Current Ethereum Quote: $2590
Looking at the daily level, the ETH price fluctuates between $2520-$2700, and neither the MA30 moving average nor the MACD indicator provide a clear direction, requiring a breakthrough signal. Recent trading volume has decreased slightly compared to the previous day, and market momentum has not been fully released, and may enter a correction phase.
Personal Opinion: ETH may have reached the high point of the "five-wave rise", and short-term buying needs to be cautious, and focus on the resistance level of $2700, and the support below is in the range of $2520-$2540.
Summary: BTC is dominated by bulls in the short term but needs to be wary of corrections, ETH may enter an adjustment phase, and operations are recommended to pay attention to key support/resistance levels and avoid blindly chasing highs.
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Intraday Focus: H BTC FUM ETH
