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📅 July 3, 7:00 – July 9,
Waking up this Sunday, I found that the price of Bitcoin was in a sideways state. This trend reminded me of the relay structures during each previous rise. For example, during the process of rising from $50,000 to $70,000, the market experienced more than a week of consolidation. Looking further back, the range from $85,000 to $88,000 also saw about a week of adjustment. Similarly, when Bitcoin climbed from $100,000 to $110,000, there was also about a week of consolidation.
Currently, the key price levels in the market are worth paying attention to. The short liquidation liquidity is mainly concentrated around $109,000 and $110,000, while the long liquidation liquidity is located between $105,000 and $103,000. This liquidity distribution may affect short-term price trends.
Although the market is currently in a sideways state, each market consolidation may give rise to new opportunities. Investors should remain vigilant and pay attention to market trends. It is worth noting that the current market environment may differ from the past, requiring us to closely observe new changes and influencing factors.
For those investors holding weekend trading positions, you can continue to maintain your current strategy. If there are significant changes in the market that require adjusting strategies, I will notify everyone in a timely manner. In this rapidly changing cryptocurrency market, it is crucial to remain flexible and vigilant.