An analytical view of the digital market in light of the American Independence Day holiday – from a professional perspective
By: Youssef Iskander
The cryptocurrency market is currently experiencing a state of cautious anticipation and volatility, especially with the upcoming Independence Day holiday on July 4, which has led to a noticeable decrease in liquidity due to the absence of major investors and institutions. This temporary decline in trading volumes makes current price movements less reliable and more susceptible to short-term emotions, prompting traders to be cautious and deliberate in making buying or selling decisions.
Bitcoin (BTC) is currently trading around $109,300 after a slight upward movement. This price consolidation, despite a temporary decrease in liquidity, indicates strong support in the range between $100,000 and $110,000, with signs of institutional liquidity entering through Bitcoin-backed ETFs, which reinforces the long-term bullish outlook held by many analysts who expect levels to reach up to $200,000 within 12 months.
On the other hand, Ethereum (ETH) is also showing stable performance, trading near $2,583 with attempts to break the $2,600 level, clearly supported by the same institutional flow being witnessed in Bitcoin. Technical indicators suggest that maintaining this momentum could open the door to targeting the $3,000 level in the near future.
As for altcoins, tokens like XRP, SOL, and ADA have begun to move within positive ranges, supported by news of approval for converting the Grayscale fund into an ETF, which could give these coins an additional boost in July. Ripple (XRP) in particular shows promising technical indicators, with strong technical support above $2.18 and expectations of targeting levels of $2.50–$2.60 if the rebound is confirmed.
Structurally, the market is undergoing profound transformations with increasing discussions about the tokenization of traditional assets such as securities and real estate, a step expected to open new doors for liquidity and revolutionize the global financial system. New regulatory legislation such as the GENIUS Act also contributes to adding more legitimacy and trust to the crypto environment, accelerating the adoption by global financial institutions.
Looking at the bigger picture, it can be said that the overall market trend remains bullish, although it is currently driven by a state of temporary volatility due to decreased liquidity. Therefore, the wise trader is the one who chooses to wait and observe rather than chase weak movements. Entering now without strong technical confirmations may expose you to unnecessary risks.
Accordingly, the most important recommendations right now are to remain neutral and closely monitor the key support and resistance levels. For Bitcoin, the $108,000–$110,000 area is considered a critical support zone, while a breakout of $2,600 for Ethereum serves as a potential bullish signal. For altcoins, one can focus on tokens associated with the new ETFs and follow their behavior at previous resistance levels.
In these times, patience is the strongest weapon, especially for those who have previously achieved the profits of maintaining profits and waiting for a clear opportunity, better than entering trades based on emotion or fear of missing out.
In conclusion, the market is still full of potential, but discipline is what distinguishes the successful trader from others. Stay resilient, monitor the indicators, and prepare for the right moment to enter when all the technical and psychological conditions for success are met.
