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📅 July 3, 7:00 – July 9,
A new day has begun, let's review the dynamics of the crypto assets market from last night. On Wednesday evening, Bitcoin and Ethereum experienced a sharp fall, reaching lows of 105182 and 2383 respectively. However, signs of a rebound appeared in the market afterwards, and although the rebound was not strong, it indicates that the short positions are gradually weakening.
From the current market trend, the daily level has begun to show a pullback pattern after breaking the high. This pattern was quite common in yesterday's trading, where it first pulled back and effectively broke through the previous low, and then entered a consolidation phase again. From the structural perspective of the trend, it can be observed that the market has entered a tug-of-war stage between the bulls and bears.
In this market situation, investment strategies should revolve around range trading. There is still a possibility of a Rebound in the short term, but we may have already entered a stage where the Rebound is weak. The market pattern shows a recovery trend after a decline with a bearish candlestick. In the early session, we can temporarily maintain our focus on the strength and sustainability of the bullish Rebound.
For specific operational suggestions, Bitcoin can be considered for purchase in the range of 105000-105300, with a target price around 107500. Ether can be bought around 2380, with a target price near 2470.
It is important to note that the crypto assets market is highly volatile, and investors should always remain vigilant and manage risks effectively. Additionally, attention should be paid to changes in the global economic situation and regulatory policies, as these factors can significantly impact the crypto assets market. Before making any investment decisions, it is recommended that investors conduct thorough research and analysis.