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📅 July 3, 7:00 – July 9,
Recently, the crypto assets market has experienced a period of recovery. Initially, driven by macro factors such as the signing of trade agreements between the United States and Vietnam and the anticipation of earlier interest rate cuts, the prices of digital assets like Bitcoin and Ethereum continued to rise. However, the latest released U.S. non-farm payroll data was below expectations, dampening market hopes for a rate cut in July, which triggered a small-scale dumping.
Nonetheless, the overall market outlook remains optimistic. From a technical perspective, Bitcoin's upward channel remains intact, and yesterday's pullback did not break the daily support level. The MACD indicator shows that the upward momentum is still strong, with the DIF line crossing above the DEA line, forming a golden cross, which is typically seen as a bullish signal.
Regarding Bitcoin, pay attention to its performance around $1078 during the day. As long as it does not break the support at the hourly level, there is still room for an increase. The resistance is in the range of $1098-1106. Considering that the U.S. stock market is closed, the trading volume today is expected to be low, and the market may mainly fluctuate.
The trend of Ethereum is similar to that of Bitcoin, having experienced a second peak before starting to retrace. During the day, pay close attention to the $2567 level; as long as it does not drop below this position on an hourly basis, the upward trend will remain intact. Resistance levels above are at $2617, $2635, and $2690.
It is worth noting that the Crypto Assets market is highly volatile, and investors should exercise caution in their judgments and manage risks appropriately. At the same time, closely monitor changes in the global economic situation and regulatory policies, as these factors may have a significant impact on the digital asset market.