‼️July 12 + [BTC Market Analysis] + Today's Crypto News ‼️
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Currently, BTC is still in an overall bullish trend, with the possibility of continuing to rise in the pattern, but it has entered a high-level fluctuation range in the short term. It is expected that the weekend will repeatedly test around key support and resistance levels to confirm strength and weakness.
🔹 **Upper Resistance Level:** 119370 / 121519
This is the suppression area of the trend extension. If it breaks through 121520 with volume, the trend will open up a new round of upward space.
🔹 **Lower Support Level:** 116069 / 114573
If it does not break on the pullback, it indicates that the bullish structure is still solid; if it breaks below 114573, one should be wary of entering a correction rhythm in the short term.
The weekend market is expected to mainly maintain range fluctuations, and it is recommended to operate around the above range by selling high and buying low, waiting for directional signals.
📊 Market Data Briefing:
• $430 million liquidated across the network in the past 24 hours
• Total contract positions across the network: $175.99 billion
• Total trading volume across the network: $354.85 billion
🧨 Cherish life, stay away from heavy contract positions!
📰 Today's Top 10 Crypto Events:
1️⃣ BlackRock's Bitcoin spot ETF assets exceeded $80 billion
2️⃣ Linea project leader: Announcements related to TGE will be released this month
3️⃣ OpenAI's $3 billion acquisition of Windsurf failed, and the latter turned to Google
4️⃣ Tether will stop supporting USDT on EOS and five other chains on September 1
5️⃣ Roadhuaz Securities plans to apply for a virtual asset trading license in Hong Kong and introduce stablecoin payment and settlement business
6️⃣ Strategy's total asset value surpassed $70 billion, with a company market value reported at $122.1 billion
7️⃣ A man’s prison sentence increased to 12 years for stealing $22 million in cryptocurrency due to SIM card swapping
8️⃣ Stablecoin infrastructure startup Zerohash plans to raise $100 million, valued at nearly $1 billion
9️⃣ Bitcoin spot ETF saw a net inflow of $1.03 billion yesterday, while Ethereum spot ETF had a net inflow of $205 million yesterday
🔟 After purchasing 10,000 ETH from the Ethereum Foundation, SharpLink increased its holdings by another 21,487 ETH, worth $64.26 million
Follow me thanks for following me
Currently, BTC is still in an overall bullish trend, with the possibility of continuing to rise in the pattern, but it has entered a high-level fluctuation range in the short term. It is expected that the weekend will repeatedly test around key support and resistance levels to confirm strength and weakness.
🔹 **Upper Resistance Level:** 119370 / 121519
This is the suppression area of the trend extension. If it breaks through 121520 with volume, the trend will open up a new round of upward space.
🔹 **Lower Support Level:** 116069 / 114573
If it does not break on the pullback, it indicates that the bullish structure is still solid; if it breaks below 114573, one should be wary of entering a correction rhythm in the short term.
The weekend market is expected to mainly maintain range fluctuations, and it is recommended to operate around the above range by selling high and buying low, waiting for directional signals.
📊 Market Data Briefing:
• $430 million liquidated across the network in the past 24 hours
• Total contract positions across the network: $175.99 billion
• Total trading volume across the network: $354.85 billion
🧨 Cherish life, stay away from heavy contract positions!
📰 Today's Top 10 Crypto Events:
1️⃣ BlackRock's Bitcoin spot ETF assets exceeded $80 billion
2️⃣ Linea project leader: Announcements related to TGE will be released this month
3️⃣ OpenAI's $3 billion acquisition of Windsurf failed, and the latter turned to Google
4️⃣ Tether will stop supporting USDT on EOS and five other chains on September 1
5️⃣ Roadhuaz Securities plans to apply for a virtual asset trading license in Hong Kong and introduce stablecoin payment and settlement business
6️⃣ Strategy's total asset value surpassed $70 billion, with a company market value reported at $122.1 billion
7️⃣ A man’s prison sentence increased to 12 years for stealing $22 million in cryptocurrency due to SIM card swapping
8️⃣ Stablecoin infrastructure startup Zerohash plans to raise $100 million, valued at nearly $1 billion
9️⃣ Bitcoin spot ETF saw a net inflow of $1.03 billion yesterday, while Ethereum spot ETF had a net inflow of $205 million yesterday
🔟 After purchasing 10,000 ETH from the Ethereum Foundation, SharpLink increased its holdings by another 21,487 ETH, worth $64.26 million
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,433.4
-0.02%