Bitcoin analysis on July 5, 2025

Let's first look at the daily K-line chart of Bitcoin. Recently, Bitcoin has mainly been in a large range sideways consolidation market, with the main consolidation range between 100000 and 110000. The highest point above is 112000, and the lowest point below is 98000.

Looking at the daily candlestick chart, the Bollinger Bands indicator shows a sideways movement with a slight upward trend, corresponding to the range of 110600--101742; the moving average indicators are arranged in a sideways movement with a slight upward trend; the 5-day moving average is 107963, the 10-day moving average is 107639, the 30-day moving average is 106298, and the 60-day moving average is 105800; the MACD indicator shows a small golden cross, with the fast line showing a slight downward trend, corresponding to Bitcoin's slight decline after the surge to 110,484, with bullish volume slightly decreasing, and MACD is showing a fluctuation and correction! The RSI indicator has entered the overbought phase, and the closing line has formed a dead cross, indicating a slight downward correction (it has already started to correct)!

Conclusion:
BTC overall trend: high-level horizontal consolidation, chip replacement phase, the range is between 110000 and 100000, currently in the upper half of the box range experiencing oscillation!
Resistance point above Bitcoin: 110,500, support point below: 105,300
Market fluctuation perspective this morning: Currently, Bitcoin is consolidating in a small range, with the fluctuation range between 108300 and 107600. Morning BTC minor resistance level: 108500, support level: 106200.
Operation View: Short positions can be taken around 108500--108800. If it breaks above 108800 and stabilizes, you can directly set a stop loss at 109300 (or use a trailing stop loss). For low long strategy, consider 106200 or 105300. If the downward trend is very strong, directly exclude low long! #Dr.Han入驻Gate广场 #非农就业数据来袭 #Gate VIP 焕新升级 .