Analysis of Bitcoin Market on July 3rd, Early Morning.

Currently, Bitcoin is showing a short-term rebound with a continuous upward trend. From the data, the price ratio has gradually climbed from a low of 105000, with bullish periods closing with positive candles resulting in consecutive gains. Although there were occasional small pullbacks with negative candles, the overall upward breakout is evident, halting at the 109600 mark. From a four-hour perspective, a large positive candle combined with the MACD red bars shows increasing volume, and the RSI has broken above 70, entering the overbought zone. The upper level of 110000 serves as a resistance point, while 108000 below is a key support level. Technically, the price ratio is approaching previous highs, with a narrowing entity indicating a lack of strength in the bulls. Although the short-term moving averages are in a bullish arrangement, there is a lack of sustained volume momentum. If it cannot quickly break through and stabilize at the resistance level, the subsequent outlook is more likely to favor a pressure-induced decline, creating conditions for a bearish market.

Short position for Bitcoin around 109000-109500, target at 108000-106500, stop loss at 110000.

For Ethereum; short position around 2560-2580, target at 2460, stop loss at 2600#美股代币化 .