‼️July 5th [BTC Market Analysis] + Today's encryption news collection 📉📈

Yesterday, the BTC market dropped to the daily key support level around 107,500 US dollars. Although it briefly fell below this level, it quickly rebounded, indicating that there is some buying support in this area. However, the overall rebound strength is relatively limited and has not yet formed an effective short-term trend reversal.

Structural analysis:
• The current daily line structure is still in a slightly bullish consolidation pattern, with $107,500 serving as the current defensive bottom line, which has not been effectively broken below;
• Short-term rebound resistance level:
• First resistance: $108,500 (key intraday pressure)
• If the four-hour period successfully closes above 108,500, the rebound momentum will increase;
• Upper target pressure range: 109,500 – 110,000 USD, a dual pressure from the previous high dense trading area and the integer barrier.
• Key support below:
• First support: 107,200 USD (short-term pullback target)
• The deep support levels are sequentially: 106,500 / 105,000 USD. If the daily defense level is lost, it will shift to medium-term adjustment risk.
📊 Trading strategy recommendations:
1. Intraday bullish strategy:
• If the 4H closing line effectively stays above 108,500, you can try to make a light long position, targeting 109,500 – 110,000;
• If the rebound is blocked below 108,500, the market may continue to exhibit weak fluctuations, and short-term longs should not chase highs.
2. Short Selling Strategy:
• Pay attention to short opportunities in the range of 109,500 – 110,000, and enter based on divergence or top patterns on the 1-hour level.
• If the price falls below 107,200 or breaks down with volume below 107,500, the probability of further probing the 106,500 – 105,000 area increases.
3. Position and Risk Control:
• After the non-farm payroll data is released, the market may choose a direction, it is recommended to maintain a light position and set strict stop-loss orders.

• Liquidations across the network in the past 24 hours: $190 million
• Total contract positions across the network: $147.82 billion
• Total market transaction volume: 174.87 billion USD

🧨 Cherish life, stay away from contract heavy.