2025.7.9 9:58 AM BTC/ETH Market Analysis
Last night, 800 million CNY was liquidated, with 52,459 people going bankrupt to zero. Market participation has shrunk significantly. Last night, the strategy was to short first and then go long, focusing on the idea of touching the top twice in the early morning; now in the review, the second touch at the top in the early morning successfully achieved expectations!
Especially the first wave of ETH retracement made you closely watch the 2560 line, stabilizing continuously at 2560 to bet on the second touch at the top in the early morning. If considering a deep squat, one can think about whether to give the first position at 2530. In the early morning, it consolidated around the 2560 line for about an hour and a half, then rebounded directly to the highest point of 2627, reaching our first resistance level lower bound!
BTC Focus
Support: 106132/104757/103055
Pressure tentatively at 112000
Currently fluctuating within the large range of 107507-109500, focus on the upper and lower bounds of this range, and pay attention to whether it breaks out with volume or drops with volume at the upper bound!
ETH Focus
Support: 2466/2403
Pressure tentatively at 2665/2719-2788
At this moment, it has touched the key point of 2627. The key points below are 2585/2542, and one can key in on the volume and price changes at these critical points, determining whether to trade during the day!
In terms of operations: Today, it's clear that the altcoin is slightly stronger than Bitcoin. This week, the main operations are focused on the altcoin and Solana. Bitcoin's volatility is too narrow, offering little space, while the altcoin still has room for movement!
Today's market is essentially not too different from yesterday; Bitcoin continues to consolidate, while various altcoins continue to fluctuate, attracting market participation. Don't rush to seek trading opportunities until critical points are reached; be patient. The market at this moment requires even more caution; one cannot trade casually at intermediate positions!