July 7, 2025

Hello everyone, due to the weekend on Saturday and Sunday, the Bitcoin market volatility is not significant, so we will conduct a market review based on the fluctuations of the past two days. Bitcoin has been maintaining a sideways trend between 107,700 and 108,300 since July 5, with a long period of sideways movement and not breaking the recent low of 108,600, successfully forming a relatively strong rebound zone. Starting from 6:00 PM on July 6, it began to rebound, reaching a first peak of 109,073, followed by slight sideways fluctuations in the range of 109,000-108,600. At 2:00 AM, a deep correction occurred with a low of 108,200. After testing 108,200 twice without breaking it, it rebounded again, reaching a second peak of 109,684, breaking through the upper Bollinger Band, followed by a technical pullback, currently around 108,800.

From the 1-hour K-line chart, the Bollinger Bands are opening upwards, corresponding to the range of 109397 to 107579, with the middle band moving upward corresponding to 108488. Bitcoin is currently above the middle band of the Bollinger Bands. After breaking through the upper band of the Bollinger Bands, Bitcoin has experienced a technical pullback, currently falling below the 5-day and 10-day moving averages of 108828, with a continuous downward trend testing the middle band of the Bollinger Bands.
The 1-hour K-line chart indicators are bullish, with the MA moving averages in a bullish arrangement. The MACD crossover shows a small golden cross with the fast line beginning to converge, and the RSI indicates a golden cross with a death cross moving downwards, corresponding to values of 39 and 64 in a fluctuating decline.

Conclusion:
BTC Direction: Bitcoin is fluctuating downwards, the consolidation range is: 108980--108400
Upper pressure: 110000
Support below: 106200
Current short-term support: 107800
Current trend: BTC has broken through the upper Bollinger Band and is experiencing a technical pullback, with a trend to test 108400. If it falls below this price, it will continue to decline, with potential lows reaching 107800.
Trading Strategy: Try to short again around 109000, add position at 110000, with stop loss included. #Dr.Han入驻Gate广场 #非农就业数据来袭 #Gate VIP 焕新升级