‼️July 6【BTC Market Analysis】+ Today's Crypto News Collection📉📈 ‼️
Currently, BTC is operating within an upward trend channel. The upward trend line support at $107,100 is performing well in the short term. If this support continues to hold, the price is expected to challenge the upper resistance of $11,000 again.
From a broader perspective, as long as the structural support at $106,130 is not effectively broken, the market is likely to maintain high-level fluctuations within the range of $11,850 – $106,130.
Key Technical Position Summary:
• **Trend Support:** $107,100 (short-term structural support)
• **Defensive Bottom Line:** $106,130 (breaking it would weaken the structure)
**Upper Resistance:** $11,000 (short-term pressure), $11,850 (upper boundary of the high-level range)
⏳ Operation Suggestions and Market Outlook:
Today is the weekend, and market trading sentiment is relatively calm, with overall volatility being limited. It is recommended to remain on the sidelines and closely monitor the market continuation after Monday's opening, adjusting strategies based on the gains and losses at key levels.
Before the fluctuation structure is broken, the short-term strategy should focus on buying low and selling high, with strict stop-loss settings below key support levels.
📊 Market Data Brief:
• Past 24 hours total liquidations: $65.139 million
• Total open contracts: $145.88 billion
• Total trading volume: $87.47 billion
🧨 Cherish life, stay away from heavy contract positions!
📰Today's Top 8 Crypto Events:
1️⃣Musk: Establishing the "American Party" today
2️⃣Approximately 7,586.46 BTC flowed out of CEX platforms in the past 7 days
3️⃣In June, Solana achieved $146 million in revenue from dApps
4️⃣Indian authorities arrested a darknet drug trafficking group leader laundering money using Monero
5️⃣In the last 24 hours, LetsBonk.fun launched tokens more than Pump.fun for the first time
6️⃣Singapore concluded a $215 million fine in a $2.2 billion money laundering case involving crypto, cash, and real estate
7️⃣Sonic: The first season airdrop claims will be open from July 15 to 22
8️⃣The World Bank has lowered the global GDP growth forecast for 2025 to 2.3%, the lowest level in 5 years
Currently, BTC is operating within an upward trend channel. The upward trend line support at $107,100 is performing well in the short term. If this support continues to hold, the price is expected to challenge the upper resistance of $11,000 again.
From a broader perspective, as long as the structural support at $106,130 is not effectively broken, the market is likely to maintain high-level fluctuations within the range of $11,850 – $106,130.
Key Technical Position Summary:
• **Trend Support:** $107,100 (short-term structural support)
• **Defensive Bottom Line:** $106,130 (breaking it would weaken the structure)
**Upper Resistance:** $11,000 (short-term pressure), $11,850 (upper boundary of the high-level range)
⏳ Operation Suggestions and Market Outlook:
Today is the weekend, and market trading sentiment is relatively calm, with overall volatility being limited. It is recommended to remain on the sidelines and closely monitor the market continuation after Monday's opening, adjusting strategies based on the gains and losses at key levels.
Before the fluctuation structure is broken, the short-term strategy should focus on buying low and selling high, with strict stop-loss settings below key support levels.
📊 Market Data Brief:
• Past 24 hours total liquidations: $65.139 million
• Total open contracts: $145.88 billion
• Total trading volume: $87.47 billion
🧨 Cherish life, stay away from heavy contract positions!
📰Today's Top 8 Crypto Events:
1️⃣Musk: Establishing the "American Party" today
2️⃣Approximately 7,586.46 BTC flowed out of CEX platforms in the past 7 days
3️⃣In June, Solana achieved $146 million in revenue from dApps
4️⃣Indian authorities arrested a darknet drug trafficking group leader laundering money using Monero
5️⃣In the last 24 hours, LetsBonk.fun launched tokens more than Pump.fun for the first time
6️⃣Singapore concluded a $215 million fine in a $2.2 billion money laundering case involving crypto, cash, and real estate
7️⃣Sonic: The first season airdrop claims will be open from July 15 to 22
8️⃣The World Bank has lowered the global GDP growth forecast for 2025 to 2.3%, the lowest level in 5 years
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
108,467.8
+0.37%