July 6, 2025 Trend Analysis:
Good afternoon everyone! After experiencing a drop the night before yesterday, Bitcoin exhibited a sideways trend yesterday and overnight, with the market showing relative calm. This consolidation phase is a normal adjustment after a significant market movement, and it is wise to patiently wait for opportunities. It is expected that Bitcoin may break the 4-hour horizontal pattern this evening.
Currently, the key observation range for Bitcoin is between the top at 1084 and the bottom at 1072. Only an effective breakthrough of 1074 would allow Bitcoin to rebound upwards; if it falls below 1072, it may decline further.
Today, the focus is on the top of the Bitcoin consolidation area at 108370. If this position can be broken, it is likely to continue rising, with upper resistance levels to watch at 109060, 109760, and 110490. Conversely, if the rebound fails to hold above 108370, it indicates insufficient rebound strength. At this point, pay attention to the support at the bottom of the consolidation area at 107820; if this position is not broken, a minor rebound is still possible; if it breaks, the lower support levels can refer to around 107225, 106370, and 105340.
Regarding Ethereum, today we also focus on the breakthrough situation at the top of the consolidation area at 2525. After breaking this position, it is likely to continue the upward trend, with upper resistance levels to watch at 2555, 2584, and 2610. If the rebound cannot hold above 2525, it indicates insufficient rebound momentum. At this point, the downward trend should pay attention to the support at the bottom of the consolidation area at 2496; if it does not break, there is still a chance for a minor rebound; if it breaks, the lower support levels can refer to around 2473, 2450, and 2430.