July 11th Bitcoin continues to rise, do not easily short.

🚩Yesterday's key news:

🟠This morning BTC rose above $117,000, ETH reached $3,000

🟠Deputy Director of the National Financial and Development Laboratory: The development model of the RMB stablecoin can combine domestic and international elements

🟠The Ethereum Foundation announced a reorganization of its ecosystem development strategy

🚩Yesterday's market:

🔶Bitcoin: Lowest point 110,515 Highest point: 116,862 Range 6,374 points

🔶Ethereum: Lowest point 2,754 Highest point: 3,000 Range 242 points

Yesterday's summary: Bitcoin and Ethereum have significantly broken through, it is a real breakthrough.

🚩Today's market:

🔶Ethereum: 3,000 is a small resistance level for Ethereum, try to short less, even shorting briefly is not advisable, follow the trend to go long, buy on dips. Ethereum at $3,000 can still be bought.

4-hour support level: 2,866 4-hour resistance level: 3,000

🔶Bitcoin: Bitcoin broke through 110,000 yesterday and has stabilized. The market continues to rise, hold on to spot positions, if adding positions, still look at Ethereum.

4-hour support level: 113,333 Daily resistance level 126,437

🟠Summary: The two-month consolidation has ended, congratulations to those who weren't washed out, Bitcoin has passed the singularity, and the trend will become increasingly rapid. Ethereum and altcoins still have many opportunities.