July 8th: The market faced resistance at 110,000 and is it time for a correction?
🚩 Yesterday's news:
🟠 Trump extends tariff deadline to August 1st; countries like Japan and South Korea face a minimum tax rate of 25%
🟠 Musk: "The American party" will embrace Bitcoin; fiat currency has no hope
🟠 Ethereum Community Foundation: A series of plans will be launched in the coming weeks to drive ETH prices to $10,000
🟠 Strategy announces $4.2 billion STRD preferred stock issuance plan; funds will be used for Bitcoin acquisitions
🚩 Yesterday's market:
🔶 Bitcoin: Lowest point 107,600 Highest point: 109,700 Range 2,198 points
🔶 Ethereum: Lowest point 2,513 Highest point: 2,589 Range 77 points
Summary of yesterday: Moving slowly, the market is still fluctuating, but the trend is not bad.
🚩 Today's market:
🔶 Ethereum: Short-term correction, the trend is still there, need to wait; if it corrects above 2,475, can continue to increase positions or take short-term long positions.
Daily resistance level: 2,475 Daily resistance level: 2,678
🔶 Bitcoin: Bitcoin started to correct after reaching 110,000, continuing to move within the support position of 105,000.
Daily support level: 105,642 Daily resistance level: 110,000
🟠 Summary: Bitcoin continues to fluctuate with not many opportunities; waiting for Ethereum to stabilize at 2,500 for a short-term rebound, long-term can continue to increase some positions.
