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July 5th Bitcoin (BTC) Ethereum (ETH) Market Analysis [Ethereum Weekly Analysis], with reference to strategy orders.
Before we start speaking, let's review a false breakout trend we mentioned last weekend. As analyzed on June 28, I clearly stated that 110000 is the key position for the main upward wave's initiation. If the Bitcoin cannot effectively break through this position, then the market makers will have a certain intention. On the daily level, it has broken through the channel line forming a false breakout, then it returns to consolidate within the lower channel. So now it can be confirmed.
1. Technical Aspects
【Flatbread】
Bitcoin Weekly Chart (Figure 1): We need to pay attention to a closing position next Monday for Bitcoin. If the weekly close is below 107,000, it will turn bearish at the weekly level, returning to the consolidation phase, and then testing the lower levels of 104,500, 101,000, and 97,000.
What needs to be emphasized is that if 97000 is tested again and breaks down at the hourly level, it will directly pierce down to the 85000 bull-bear boundary, forming a large double-top pattern, which is not friendly for the market.
Bitcoin intraday (Figure 2): Since Bitcoin's trend is the same as I mentioned, unable to break through 110000, Bitcoin has made a false breakout at the daily level. We need to pay attention to 107100 next; if this level cannot provide effective support, Bitcoin will return to the consolidation within the parallel channel, testing several levels mentioned on the weekly chart.
On the contrary, Bitcoin will consolidate in the range of 107000-108500, and will only choose a direction when liquidity is no longer active.
Resistance levels: 108300, 109000;
Support levels: 107100, 105300;
【Two Cakes】
The two-coin weekly analysis is not released externally, but is released internally.
2. Strategy Order
(The following is just a simple trend analysis for reference only. Specific data can only be analyzed upon arrival. If you are interested, you may follow me.)
eth script 1: sell around 2530 (target: 2565), stage 1: 2505; stage 2: 2480; stage 3: 2435
btc script 1: sell near 108300 (target: 109300), stage 1: 107500, stage 2: 106700, stage 3: 105300
3. News Front
1. The U.S. Congress will review three key bills: the CLARITY Act, the Anti-CBDC Act, and the GENIUS Act.
2. On July 4, U.S. President Trump signed the "Big and Beautiful" tax and spending bill, officially enacting it. Previously, the U.S. House of Representatives passed the bill on the afternoon of the 3rd with a vote of 218 in favor and 214 against. The bill has been controversial due to issues such as cuts to federal aid, increased long-term debt, and tax cuts for the rich and large corporations. On that day, two Republican representatives also voted against it. However, the bill had already been approved by the Senate on the 1st of this month.