7.8 Bitcoin Market Analysis: Bitcoin is in the B-wave oscillating rebound phase, with the current structure being a rising consolidation. Although the small-level trend appears messy, the overall position remains within the rebound path, and the outlook continues bullish after the consolidation is completed. A downward spike is an opportunity to accumulate positions in batches, so be patient and wait for the structure to complete.



Ethereum's overall structure is synchronized with Bitcoin, also in the rising phase of the B-wave oscillating rebound. It is currently moving within the oscillation range; if a spike occurs, it is also a time to continue going long. The two major cryptocurrencies share the same trend, with a clear direction.

NEAR is currently near the cost price, with a structure showing a consolidation pattern. Regardless of whether the final leg is a 3-wave or 5-wave decline, the outlook continues bullish after the consolidation is completed. Traders with heavy positions or high leverage need to manage risk to avoid liquidation due to volatility.

XLM has entered an ABC-wave pullback after a strong rally, breaking through the 50% Fibonacci level. The next support level to watch is 61.8%, where you can add positions. After the pullback ends, it will be bullish.

Risk Warning: The above analysis is based on the current market structure. Futures trading carries high leverage risks. Please manage your positions reasonably and set stop-losses.
BTC3.18%
ETH2.61%
XLM5.44%
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YieldYuki
· 07-08 06:10
ETH and BTC moving in sync is a critical point. If the two leaders resonate, the rebound potential in this wave is worth looking forward to.
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BridgeSideEyes
· 07-08 05:39
NEAR is oscillating around the cost price. Brothers with heavy positions really need to be cautious. Risk control comes first.
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MoonlightReef
· 07-08 05:22
Overall, analysts are leaning bullish, but the risk warnings are written honestly – futures traders, don't get carried away.
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SudoSmiles
· 07-08 05:06
XLM retraced to the 61.8% Fibonacci level to add positions. Technical traders should all be watching this level, the battle is quite intense.
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AlphaAfterTea
· 07-08 04:28
The judgment of B wave rebound is quite stable. Buying the dip after a pin is indeed an old trick. Wait for the structure to complete.
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