Analysis of the Bitcoin market on July 4th.

July 4th is the official holiday for Independence Day in the United States, and the U.S. stock market is closed all day. The U.S. stock market closes 3 hours early, which means it will close at 1 AM Beijing time, with the next trading day being July 7th. There are no important economic data releases today, so it's advisable to pay attention to international news; with the U.S. stock market closed, market liquidity is relatively low. In previous weekends, the market has mostly been fluctuating, so avoid chasing highs and lows, and focus on steady low buys and high sells.

Last night, Bitcoin strongly broke through the 110,000 mark before retreating, currently fluctuating around 109,500. Due to the U.S. stock market being closed today, Bitcoin is expected to continue its fluctuating trend. From the four-hour K-line perspective, the bullish attack encounters strong selling pressure at resistance levels, forming an upper shadow line, and the willingness to follow up with buying is weak, with significant pressure above that cannot be temporarily broken. The operational suggestion for the afternoon is to mainly focus on high sells during rebounds.

Bitcoin: Short around 109,500-110,000; Target at 108,500-107,000

Ethereum: Short around 2,580-2,600; Target at 2,480-#BTC重返11万