BTC

2025.7.8 Early 9:29 BTC/ETH Market Analysis
On this night, 1.1 billion CNY was plundered, and 65,282 people went bankrupt to zero! The volatility has entered a familiar phase again. Yesterday's morning session saw a standard double top and triple top short position peak, and last night allowed you to take profits on 30-50% of your position, while the remaining position should continue to secure capital loss!
Last night, aggressively went long at 2535, waiting for Bitcoin to show performance at 107500. It's not that I lost, mainly because the bulls started to weaken, the pullback strength in the early morning was weak, and Bitcoin's highest rebound in the morning session reached 108475, while ETH's highest rebound was 2557, with both spaces being quite small, the space has been compressed to the extreme. Last night, old Trump started waving the tariff stick again, and the market was once again shrouded in gloomy panic!
At any time, one must have a risk control awareness! Capital comes first, and profits can only come second at this moment!
BTC Focus
Support: 103055/100300/97669
Resistance: temporarily set at 109500/112000
At this moment, BTC tested 107507 last night and rebounded upon contact, but the strength was weak, only rebounding by 1000 dollars. For the past 2 months, it has been continuously suppressed within the 109500-112000 range. The probability of breaking through this week is low, so pay attention to the support strength at 106132-107507. The short position from yesterday's morning session at 109500 should secure capital loss well, and gamble on whether it can drop to create a larger space! There is no need to hold onto the morning's pullback!
ETH Focus
Support: 2403/2343/2285
Resistance: temporarily set at 2585/2627-2665
At this moment, ETH has a short-term support level at 2466. Today, let's see if there will be a forced long backtest to test the effectiveness of support, following BTC's trend. The ETH long at 2535 and the 2555 line from last night didn’t run away; today look for an opportunity to take profits, securing capital or making a small profit is fine. Don't hold onto such ultra-short positions; last night's expectations didn’t materialize. We placed the take profit for the long at 2535 at a space of 25 dollars to 2560, with the highest only reaching 2557. Don’t let ultra-short positions turn into long positions; yesterday's morning session’s short position at 2585 can continue to secure capital loss!
In terms of operation: currently, the daily trend's trading volume is further shrinking. Pay attention to the resonance with the early morning low, and see the height of the pullback. You can first try to go long. If the rebound is high enough, then look for an opportunity to short!
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