Bitcoin Market Analysis on July 4, 2025 - Can Bitcoin Still Rise! Resistance Levels Not Touched! May Surge After Gaining Liquidity! Ethereum Has Reached the Fifth Wave High, Reduce Long Positions!
Daily K-line trend analysis: Bitcoin retraced after peaking at 110,400, but this is a false breakout position. The technical level on the daily chart has confirmed that the fourth wave retracement ended at 0.382, currently entering the fifth wave upward phase, with a high probability of breaking the historical high. The line level closed yesterday with a bullish candle above the up and down trend lines, and the technical indicators still support a bullish outlook. The 4-hour upward trend line (confirmed by two points) has not been broken; as long as the trend line is not broken, reversal cannot be seen. The RSI indicator also confirms the upward trend line with two points not broken, indicating there is still upward momentum.
ETH Ethereum is relatively cautious, mainly focusing on trend line support. The probability of Ethereum starting to retrace is relatively high, and safety is relatively low.