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The legendary 80000 BTC continued to cause no harm, and many small partners who were waiting to see jokes and short sell were temporarily disappointed. In fact, I don't want to talk nonsense back and forth. Just looking at the stock data of the exchange should be the most helpful data in this cycle. It is simple and clear at a glance, and there is no need to spend money. At present, the stock of Bitcoin on all exchanges has reached its lowest point in nearly five years, spanning two cycles. Starting from November 2024, regardless of the price trend of BTC, the stock on exchanges has been declining, indicating that investors have been constantly buying or withdrawing, and this also represents that most investors have no interest in short-term exits. I really can't imagine how much BTC can fall under such a strong consensus in this situation, unless there is a systemic risk. A few days ago, when I was around $109000, I was saying that although I think there is room for short selling, I don't have a reason to short, I just don't know under what circumstances a good news will push up the price of BTC.
Today, as Besant announced its tariff partnership, the market began to respond positively to US investors on Monday. Despite a three-day holiday, the US stock market had not yet responded, and BTC completed the information transition from the Sichuan Malaysia dispute to tariff trading. This data is the best barometer of market sentiment. I highly recommend it.
Secondly, there is the supporting data, and the validity of this data has been verified multiple times. As long as the support is not destroyed, the stability of the price is guaranteed. This data is also the reference basis for my multiple bottom fishing attempts. I'm not sure if a bullish trend is right now, but a bearish trend without systemic risk may be wrong. More importantly, don't scare yourself. When the sky falls, there are still tall people holding on.
This week's macro focus
Wednesday: The suspension period of equivalent tariffs in the United States ends on July 9th.
Thursday: July 102:00 Federal Reserve releases minutes of monetary policy meeting
Daily chart:
The daily chart is also oscillating at the top, and from the perspective of the market, it seems that there is a strong desire to move the liquidity of 1106. There is really no emphasis here. Just pay attention to Trump on Monday. I really think that at this position, a single piece of good news may break through, and even fake news is acceptable. Then it depends on whether the funds continue to come in and push after the rally, or if it goes up, it means a short market and then a pullback. At present, there is a FVG gap in 1084. Please pay attention to whether it will continue to push upwards after filling the gap.
Operation suggestion:
BTC 108500 long first target to watch 109100 second target to watch 109950
ETH 2530 long first target to see 2575 second target to see 2620
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
