If BTC breaks through effectively, it will aim for a historical high with targets of 118k-125k expected.
Bitcoin continues to strengthen, as the key support level mentioned by Sheng did not break, and it started to rise strongly without even reaching that level. It has temporarily returned to around 109k, and the current short-term trend is still very strong. Let's see if it can break through the short-term resistance above!
Regarding the trend:
The short-term resistance to pay attention to above is the 110.5k level mentioned by Sheng, which was the last effective resistance level before breaking the historical high. If this wave can strongly break through that resistance, it will definitely reach a new high again. The expected resistance points for the new high above can refer to 118k and 125k! Currently, this premise is that it can break the resistance and continue to rise!
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BTC Analysis: Daily chart for July 7, 2025