Cryptocurrency Circle Liying: The battle for the mid-range of 7.6 Bitcoin is heating up! Although there is a possibility of a rebound for Ethereum, "taking profits at highs" is the key strategy! Latest market analysis.

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15 hours ago

Pionex: Latest Bitcoin Market Analysis on July 6

Article Published on July 6, 2025 - 00:10

The current price of Bitcoin is 108,000. I won't elaborate much on the current market's oscillation trend; instead, let's look directly at the short-term market, which is currently oscillating around the mid-track and mid-term moving averages, with no clear overall direction. The RSI is in a neutral zone, and the MACD shows that bearish momentum is gradually weakening, but there are no obvious rebound signals. The BOLL upper and lower bands have slightly opened after contracting, indicating that volatility may gradually increase. It is expected that the price will mainly oscillate in the short term. Finally, I suggest prioritizing a strategy of selling high and buying low. Near the resistance level of 109,350, consider lightly reducing positions at highs, while near the support level, observe the stabilization situation before choosing to buy at lower levels. If the price breaks through the range, especially breaking the key resistance at 110,500, one can follow the trend to increase long positions; if it falls below the key support at 105,050, one should pay attention to downside risks and guard against further adjustments. Stay flexible in response to the current oscillating market.

Today's Reference Points:

  • Long Entry: 107,000, Stop Loss: 106,000, Stop Loss: 500 points, Target: 109,500
  • Short Entry: 110,000, Stop Loss: 110,500, Stop Loss: 500 points, Target: 107,500

Latest Ethereum Market Analysis

Before publication, the current price of Ethereum is 2,510. I have noticed that the current market shows a relatively obvious weakness, with the price below the moving averages, indicating an overall bearish market atmosphere. In the short term, although the MACD green bars are shortening and the RSI is trending low, which may trigger a rebound, the market still exhibits oscillation and consolidation characteristics, making it difficult to form a clear bullish trend. Therefore, in the short term, there is a high possibility of a rebound in the market, and attention should be paid to whether the core support level can effectively hold, as well as whether the key upward resistance level faces downward pressure. Finally, I suggest focusing on rebound opportunities after a drop to the key support level; for ultra-short-term trades, one can participate with light positions but should take profits at highs to avoid chasing prices.

Short-term Trading Ideas:

  • Long Entry: 2,420, Stop Loss: 2,380, Stop Loss: 30 points, Target: 2,530
  • Short Entry: 2,550, Stop Loss: 2,580, Stop Loss: 30 points, Target: 2,450

The above is a brief analysis of the current market situation for your reference. Over the past ten years, I have continuously explored and experienced hundreds of different digital assets. Throughout this process, I have witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, I feel a responsibility to share my insights and experiences, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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