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Good morning everyone! A new day brings a new beginning. Yesterday's market was okay, and the profits and losses have become a thing of the past. In the early hours, the market data unexpectedly continued to dip. After BTC broke through 108000, it fell to around 107500 and rebounded. Subsequently, it has remained around 108000 for a sideways adjustment. ETH simultaneously dipped to a low of around 2505 before rebounding and is currently adjusting sideways around 2530.
#MichaelSaylor暗示增持BTC
From the overall market data perspective, once the bears took the lead, they began to continuously test the key support below, but they were strongly resisted by the bulls at the short-term key support level.
After reaching a high, the daily candlestick maintains a state of yin and yang. Unless the daily candlestick unexpectedly closes as a yin, if the key support is not broken, it will continue to maintain a range-bound consolidation.
On the four-hour chart, the reverse V shape has shown signs of completion. After consecutive bullish candles, it has not effectively broken through the upper resistance level, and following a series of bearish candles, it has also failed to effectively break the 107000 level. However, the volume has not significantly reduced while the consolidation is tightening, suggesting that in the short term, it will range again and contract before building momentum to challenge key levels again.
#马斯克计划成立美党
In the morning, we can first look for a short-term rebound, focusing on 108500-109000. For subsequent short positions in BTC, refer to the range near 108500, looking at 107500-107000. For ETH, refer to 2560-2550 for short positions, looking at 5520-2500. #GT 2025第二季度销毁