Analysis of July 8 BTC/ETH market trends
The recent market has been in a prolonged high-level consolidation, with funds remaining cautious. Altcoins are retreating, and large funds have not dared to take heavy positions yet. The originally scheduled 90-day tariff 'buffer period' set to expire on July 9 has been postponed by Trump to August 1, which has temporarily eased the bearish pressure and bought the market three weeks of time. This round of market may maintain consolidation while waiting; the short-term focus should still be on high short positions for BTC due to insufficient upper space, while altcoins and some other altcoins may undergo oscillation with low long positions, with significant fluctuations requiring strict adherence to stop losses given by experienced traders. Place orders, reduce positions as necessary.
Market sentiment and liquidation data
Multi-platform greed/fear index: approximately 67, still in mild 'greed', up 3 points from yesterday.
Approximately 65,000 people liquidated in the market over the past 24 hours, with a total liquidation amount of about 130 million USD.
Review of the overall market
BTC and ETH have been consolidating since the weekend, with trading volume declining, reflecting a structural adjustment after the buffer period is extended. If the extension is implemented without substantial trade benefits, the market may still maintain volatility. Currently, retail investors are eager to chase highs, while institutions and KOLs lean bearish but are hesitant to take large positions; large funds are still observing. The chart structure clearly shows severe upper resistance, it is recommended to continue with a bearish mindset, avoiding disorderly chasing of highs.
Key focus on BTC market trend
Lower support level:
First support: 107800 (short-term upper boundary + middle line of the channel), if it retraces, this may present a good opportunity for a short-term buy.
Second support: 106400 (lower channel boundary), breaking below may trigger accelerated decline.
Upper resistance level:
First resistance: 110200 (previous high point)
Second resistance: 112000 (historical high point)
Directional trading suggestion (BTC): Focus on short positions for the day, waiting for prices to retrace to the [110200–112000] range to place short orders; set stop loss at 113000–113500, with upper pressure around 2%; pay attention to volume coordination during operations, which may be combined with a 'retracement needle' strategy.
Key focus on ETH market trend
Lower support level:
First support: 2550–2520 (short-term and secondary support)
Strong support: 2480 (platform bottom)
Upper resistance level:
First resistance: 2670
Second resistance: 2720
Directional trading suggestion (ETH): If it retraces to the 2670–2720 range, consider a small short position with a stop loss set at 250; if it dips to 2550–2520, consider a light long position with a stop loss slightly below the support area at 2470.
Attention to the altcoin sector
DOGE, the leader of the MEME sector, will surely see a wave of market activity as altcoins recover.
TIA, a modular blockchain with strong manipulation, tends to have waves of over 50% price increases periodically, currently at a new low position post-break.
POL, previously known as MATIC, is undergoing a correction, and recent alerts on the B platform have been indicating on-chain forks and upgrades for POL, suggesting something is brewing.
Summary
The tariff buffer has been postponed to August 1 + expectations for interest rate cuts have collapsed, collectively providing a structural foundation for the current volatile market.
The strategy recommendation insists on 'buy low sell high + strict stop loss', do not chase high prices;
Pay attention to the implementation of tariffs on August 1 and trade progress, when a directional market explosion may occur;
Retail investors are enthusiastic, institutions remain cautious, the current trading strategy should focus on patiently waiting for structural confirmation - it’s better to miss out than to make mistakes;
