I believe that the 2946 support given by Ethereum in my daily report is without any issues, as it has not effectively broken down

【Market Outlook for July 11, 2025】

Those of us retail investors who have persevered this year know what we've been through, and it's really not easy, so let's not miss this round easily and enjoy the excitement brought by the market rise!!

Last night, the US stock market opened high but closed low, while Bitcoin did not continue to follow; Bitcoin and Ethereum have both exceeded expectations and are on a strong rise. Bitcoin successfully reached a new high of 118,869, and Ethereum has also reached the long-awaited 3,000. This large bullish candle aligns with my speculation on July 9 about whether we are in a major upward trend. It now seems without a doubt that we are in a major upward wave. Currently, both Bitcoin and Ethereum have broken through and surpassed the trading range, but as mentioned in yesterday's daily report, if by next Monday we remain above 110,000, it can be fully considered a breakthrough. Besides the big brother and big sister, other quality altcoins are also showing signs of loosening. We can understand this as, over the past six months, the whales have had ample opportunities to buy low; only through a frenzied rally can they realize profits. Therefore, do not release your tokens easily; take profits in batches to achieve the best moving stop-loss. Additionally, do not attempt to short easily. I have learned my lesson from shorting Bitcoin and will not short again regardless of market downturns; I will primarily focus on low buying, follow the trend, and enjoy the bull market!!

From a technical perspective: Bitcoin's daily chart showed a large bullish candle yesterday, with consecutive bullish formations. It is currently operating above the moving averages, and the overall bullish trend is very clear. On the daily chart, Bitcoin has seen a bullish breakout from the historical high with a slight retracement, opening into high-level volatile adjustments, with the Bollinger Bands slightly widening and the short-term moving averages turning upward. Overall, while the market is strong, be cautious of a potential false breakout of the previous high.

Ethereum is currently consolidating at high levels, so it still needs to gather strength for corrections. The strength of the European market and the opening trends of the US market will be key. If you lack market intuition, it's best to observe for now and enter based on real-time trends.

Bitcoin 4h support: 115,134 Resistance: 118,868
Ethereum 4h support: 2,946 Resistance: 3,100

Today's Fear Index: 72 (Greed) 4-hour long-short ratio: 49% / 51%

Today's Hot News:
🪅 Binance: Giants Protocol (G) has a threshold of 150 points
🪅 Trump is expected to welcome his first significant legislative victory in cryptocurrency policy next week.