‼️July 11th【BTC Market Analysis】+ Today's Crypto News Collection📉📈 ‼️
Currently, Bitcoin is in a strong upward structure, having entered a high volatility range in the short term. Traders are advised to monitor whether the 119250 level can break out with volume!
If it breaks through, it will enter a new round of price discovery phase; if it is blocked and falls back, then 112000 will serve as the first support confirmation zone. If the pullback does not break this level, the bullish trend is expected to continue.
• Short-term resistance level:
The first important resistance zone above the current position is at 119250 USD, which is a Fibonacci extension level in the current upward trend, a significant psychological barrier, and an extension pressure from previous highs. If effectively broken, it will open up greater upward space, and further upward targets need to be judged after the market structure is clarified.
• Support level reference: The first key support below to watch is around 112000 USD, which serves as the confirmation point for the previous strong breakout, and is also an important technical pivot where the short-term 4-hour rising trend line intersects with the horizontal range. If this support is broken, the short-term market will enter an adjustment phase, potentially testing the next support range of 108700–109300.
If the market begins to show a decrease in volume or an hourly top divergence signal, it is necessary to monitor whether 112000 is lost. If broken, consider reducing positions or taking profits, and wait for lower support to stabilize.
📊 Market Data Briefing:
• Total liquidations across the network in the past 24 hours: 1.21 billion USD
• Total contract open interest across the network: 176.81 billion USD
• Total trading volume across the network: 409.07 billion USD
📰 Today's Top 10 Crypto Events:
1️⃣ Bitcoin breaks 118400 to create a new historical high
2️⃣ Total market capitalization of cryptocurrencies breaks 3.7 trillion USD
3️⃣ BlackRock buys more Ethereum funds than Bitcoin today
4️⃣ The Governor of the State Bank of Pakistan announces the launch of a digital currency pilot
5️⃣ A user incurs a single loss of 88.55 million USD in BTC/USDT trading
6️⃣ FTX/Alameda unstakes SOL worth approximately 30.94 million USD today
7️⃣ The Ethereum Foundation has transferred 21,000 ETH to associated addresses internally over the past two months
8️⃣ The Shanghai State-owned Assets Supervision and Administration Commission holds a study meeting on the development trends and response strategies of cryptocurrencies and stablecoins
9️⃣ The Ethereum Foundation has transferred 21,000 ETH to associated addresses internally over the past two months
🔟 Bitcoin spot ETF saw a total net inflow of 1.179 billion USD yesterday, the second highest in history
Currently, Bitcoin is in a strong upward structure, having entered a high volatility range in the short term. Traders are advised to monitor whether the 119250 level can break out with volume!
If it breaks through, it will enter a new round of price discovery phase; if it is blocked and falls back, then 112000 will serve as the first support confirmation zone. If the pullback does not break this level, the bullish trend is expected to continue.
• Short-term resistance level:
The first important resistance zone above the current position is at 119250 USD, which is a Fibonacci extension level in the current upward trend, a significant psychological barrier, and an extension pressure from previous highs. If effectively broken, it will open up greater upward space, and further upward targets need to be judged after the market structure is clarified.
• Support level reference: The first key support below to watch is around 112000 USD, which serves as the confirmation point for the previous strong breakout, and is also an important technical pivot where the short-term 4-hour rising trend line intersects with the horizontal range. If this support is broken, the short-term market will enter an adjustment phase, potentially testing the next support range of 108700–109300.
If the market begins to show a decrease in volume or an hourly top divergence signal, it is necessary to monitor whether 112000 is lost. If broken, consider reducing positions or taking profits, and wait for lower support to stabilize.
📊 Market Data Briefing:
• Total liquidations across the network in the past 24 hours: 1.21 billion USD
• Total contract open interest across the network: 176.81 billion USD
• Total trading volume across the network: 409.07 billion USD
📰 Today's Top 10 Crypto Events:
1️⃣ Bitcoin breaks 118400 to create a new historical high
2️⃣ Total market capitalization of cryptocurrencies breaks 3.7 trillion USD
3️⃣ BlackRock buys more Ethereum funds than Bitcoin today
4️⃣ The Governor of the State Bank of Pakistan announces the launch of a digital currency pilot
5️⃣ A user incurs a single loss of 88.55 million USD in BTC/USDT trading
6️⃣ FTX/Alameda unstakes SOL worth approximately 30.94 million USD today
7️⃣ The Ethereum Foundation has transferred 21,000 ETH to associated addresses internally over the past two months
8️⃣ The Shanghai State-owned Assets Supervision and Administration Commission holds a study meeting on the development trends and response strategies of cryptocurrencies and stablecoins
9️⃣ The Ethereum Foundation has transferred 21,000 ETH to associated addresses internally over the past two months
🔟 Bitcoin spot ETF saw a total net inflow of 1.179 billion USD yesterday, the second highest in history
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BTC
118,108.21
+6.38%