‼️July 9th [BTC Market Analysis] + Today's Crypto News Collection 📉📈 ‼️
Bitcoin's current trend continues to be under pressure, with several attempts to break through the 109,200 level failing to do so effectively. The first resistance level of 109,600 has not even been touched, and the short-term bullish momentum has clearly weakened.
The price has now retreated to the key support level of 108,000 in the daily structure, which is the last defensive area for the bullish pattern. If this support fails, it will confirm a bearish structure at the daily level, with the market likely to test the 105,000 area for new support.
In terms of operations, it is recommended to closely monitor the gains and losses around 108,000. If it breaks below, adjustments to long positions can be made to guard against the risk of trend reversal.
📊 Market Data Briefing:
• In the past 24 hours, total liquidation across the network: $120 million
• Total contract positions across the network: $152.01 billion
• Total trading volume across the network: $177.58 billion
🧨 Cherish life, stay away from heavy contract positions!
📰 Today's Top 10 Crypto Events:
1️⃣ Ripple shareholder Linqto has applied for bankruptcy.
2️⃣ A certain whale transferred approximately $63.37 million in ETH to CEX in the last 6 days.
3️⃣ SEC is considering establishing a new framework for fast-tracking ETF approvals, with a draft likely to be announced this month.
4️⃣ Bloomberg: Tether holds $8 billion worth of gold in a secret vault in Switzerland.
5️⃣ Trump: Tariffs will start being imposed on August 1, 2025, with no extensions given.
6️⃣ Bitcoin spot ETF saw a total net inflow of $80.08 million yesterday, marking a continuous net inflow for 4 days.
7️⃣ South Korea's National Tax Service: Residents must declare comprehensive income tax for virtual asset service compensation received from overseas companies.
8️⃣ The local association in Yiwu responds to stablecoin settlement: Almost none, low recognition makes it difficult to form widespread circulation.
9️⃣ Robinhood begins discussions with European regulators to clarify the recently launched tokenized stocks.
🔟 ETH ICO whale sells another 1,000 ETH, with a cost of only $0.31, cashing out nearly $900 million over the past month.
Bitcoin's current trend continues to be under pressure, with several attempts to break through the 109,200 level failing to do so effectively. The first resistance level of 109,600 has not even been touched, and the short-term bullish momentum has clearly weakened.
The price has now retreated to the key support level of 108,000 in the daily structure, which is the last defensive area for the bullish pattern. If this support fails, it will confirm a bearish structure at the daily level, with the market likely to test the 105,000 area for new support.
In terms of operations, it is recommended to closely monitor the gains and losses around 108,000. If it breaks below, adjustments to long positions can be made to guard against the risk of trend reversal.
📊 Market Data Briefing:
• In the past 24 hours, total liquidation across the network: $120 million
• Total contract positions across the network: $152.01 billion
• Total trading volume across the network: $177.58 billion
🧨 Cherish life, stay away from heavy contract positions!
📰 Today's Top 10 Crypto Events:
1️⃣ Ripple shareholder Linqto has applied for bankruptcy.
2️⃣ A certain whale transferred approximately $63.37 million in ETH to CEX in the last 6 days.
3️⃣ SEC is considering establishing a new framework for fast-tracking ETF approvals, with a draft likely to be announced this month.
4️⃣ Bloomberg: Tether holds $8 billion worth of gold in a secret vault in Switzerland.
5️⃣ Trump: Tariffs will start being imposed on August 1, 2025, with no extensions given.
6️⃣ Bitcoin spot ETF saw a total net inflow of $80.08 million yesterday, marking a continuous net inflow for 4 days.
7️⃣ South Korea's National Tax Service: Residents must declare comprehensive income tax for virtual asset service compensation received from overseas companies.
8️⃣ The local association in Yiwu responds to stablecoin settlement: Almost none, low recognition makes it difficult to form widespread circulation.
9️⃣ Robinhood begins discussions with European regulators to clarify the recently launched tokenized stocks.
🔟 ETH ICO whale sells another 1,000 ETH, with a cost of only $0.31, cashing out nearly $900 million over the past month.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
109,368.5
+0.38%