**Key Points Analysis for July 9**



**I. BTC Overall Structure**

1. Range: 61,500–64,000 wide consolidation, insufficient bullish/bearish momentum, no trending market, mainly choppy repeated swings

2. General trading approach: Avoid chasing highs and selling lows; use high-selling low-buying swing arbitrage; avoid frequent stop-loss triggers

**II. BTC Support/Resistance and Trade Levels**

**Long Support**

1. First support 61,500 (1-hour double bottom; can go long on wick or retracement), target 63,500

2. Extreme breakdown support at 60,000 level, a secondary long entry point

**Short Resistance**

1. Short-term strong resistance 64,000 (dense chip zone; if volume increases and rejects, can short briefly)

2. Mid-term key resistance 68,000; upon reaching, it forms a temporary top, can position for mid-term short

**III. Cycle Market Forecast**

1. July overall maintains box-range consolidation, oscillating higher to lure longs, acting as a descending continuation on the weekly level

2. After July, be cautious of significant downside; spot and mid-to-long term positions should be fully exited

**IV. Altcoin Layout Logic**

1. ADA, XRP: Moving in tandem with BTC for catch-up; shorting has poor risk-reward; buy on pullbacks; XRP support 1.0–1.05; if BTC surges to 67,000–68,000, they will rally simultaneously

2. ATA: After weekly breakdown, rebounded and fell back; go long near 0.15, target double top 0.19; 0.14 is strong bottom support

3. Prioritize LDO, AVE type Ethereum leader tokens; other correlated alts mainly go long on dips

**V. Additional Market Tips**

Near the weekend, selling pressure at 64,000 is notable; current overall trading tone is to buy dips as the main approach; only short lightly with small size when touching 64,000 briefly.
BTC0.25%
ADA-0.92%
XRP0.37%
ATA-2.06%
LDO-2.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned