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📅 July 3, 7:00 – July 9,
Market analysis today
BTC
Good afternoon, brothers. A new week has begun. After the second dip of Bitcoin, it has started to rebound. Last night in the analysis, I mentioned to you that you could take a long position for the rebound during the next dip. The profit from this rebound long position is still good. This morning, the rebound also broke above 100,000, indicating that the weekly bullish trend of Bitcoin has not completely deteriorated. During the day, the minor level support is at 100,500. As long as the one-hour closing does not fall below this level, the market will continue to rebound. The rebound pressure is in the range of 102,700 to 3,300, with a defense at 104,000. If it can push up to these pressures, you can try to short while controlling your position. At a minimum, the daily line needs to stabilize above 103,300 for the market to have a chance for a second high. Be cautious ⚠️ If the one-hour level closes below 100,500 after a pullback, it indicates that this rebound has ended, and you can abandon long positions. The market will likely go through another second dip, with a support target below at 99,000 and 98,165.
ETH
The weekly chart for the secondary wife is a bit broken, and the pattern doesn't look too good. The daily chart hasn't stabilized; I don’t recommend being overly bullish before 2380. Currently, it’s just a small-level rebound, with minor support at 2215 below. As long as this position holds, the market will continue to rebound, with resistance at 2310 and 2380. Note ⚠️ if the one-hour candle closes below 2215, long positions can be abandoned, indicating the end of the small-level rebound, with target support below at 2165 and 2115.
SOL
The weekly SOL trend has turned bearish, with a resistance level at 142.148. If the weekly price cannot break above 148, the outlook remains bearish. Currently, it is just a small-scale rebound, with a small-level support at 131. If this level holds, the market will continue to rebound, with resistance levels at 137 and 142. Note ⚠️ If the hourly close falls below 131, long positions can be abandoned, indicating the end of the small-scale rebound, and the target support levels below are 128 and 126.