7.3 Thursday, Bitcoin latest market analysis

Volatility is the norm, spike and drop are daily occurrences, don't let the K-line dictate your heartbeat. Remember: fluctuations are the movers of wealth. Last night, Bitcoin surged dramatically, and with the opening of the US stock market and the unexpectedly low ADP employment report, the coin price increased significantly, with nearly a rise of over 4600 points in a day. This one-sided movement is too exaggerated, with prices reaching around 109000 in the morning.
Despite the price breaking through 109000, there is a divergence in volume and price at the 4-hour level, with the RSI overbought at 89 and MACD momentum weakening, indicating a lack of strength in the bulls. The current price has reached the Fibonacci 1.618 strong resistance zone (108800-110200), and on-chain monitoring shows large amounts of BTC flowing into exchanges above 110000, with a derivatives funding rate as high as 0.15%, significantly increasing the pressure for bearish hedging. If it cannot stabilize above 109500, it may retest the support level of 105800 in the short term, and a break below would confirm the head and shoulders pattern, with targets looking down to the range of 102300-101500.
Bitcoin strategy: short around 109500, target 105800
Ether Strategy: Short around 2610, target 2450#Gate用户突破3000万 #美股代币化 #特朗普马斯克分歧