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Now, let's talk about today’s Bitcoin (BTC) market analysis. As of July 1, 2025, BTC is showing signs of sideways consolidation after a brief rally over the weekend. The price is hovering around $61,200, with resistance near $62,000 and support at $59,800. Market sentiment remains cautiously bullish, driven by institutional interest and upcoming ETF news. However, low volume and global economic uncertainty are causing traders to stay alert. If BTC breaks above the $62K mark with volume, it could signal another bullish leg. On the downside, a drop below $59K might trigger short-term sell-offs.
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Bitcoin (BTC) is the first cryptocurrency built on blockchain technology, also known as a decentralized digital currency that is based on cryptography. Unlike government-issued or fiat currencies such as US Dollars or Euro which are controlled by central banks, Bitcoin can operate without the need of a central authority like a central bank or a company. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. The price of Bitcoin (BTC) is $107,256 today with a 24-hour trading volume of $21,958,125,466. This represents a -1.25% price decline in the last 24 hours and a 1.86% price increase in the past 7 days. With a circulating supply of 20 Million BTC.
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Although I really want the raging bull market to come, it's not something I can just wish for! 🧧 In July, the market is oscillating up and down; focus on ultra-short-term speculation! Huge volatility can occur at any moment, so it's really important to use stop-losses and have a strategy!
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2025.7.1 Bitcoin ($BTC) Market Analysis and Trading Ideas
1. Market Analysis ① Daily Level: Yesterday closed with a bearish candlestick, and the body is relatively large, indicating strong downward momentum ahead. The MACD histogram has also shifted from hollow to solid, suggesting weakening upward momentum, summarized in two words: "bearish trend".
② 4-Hour Level: Currently still operating within a range. Pay attention to the upper range at 108800–109100 and the lower range at 106500–106000. If it cannot effectively break through or fall below these levels, consolidation will be the main theme. If it breaks below the support, there will be a significant drop.
2. Trading Ideas Focus on short selling on rallies. If the price approaches the upper range of 108800, you can consider placing a short position and have a solid plan for adding to your position, with strict profit-taking and stop-loss measures.
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