July 10 Li Jingyue BTC Analysis

Affected by the ongoing US-Iran geopolitical tensions that continue to pressure the market, risk-averse funds are continuously diverting from risk assets. I believe the short-term market is unlikely to form a unilateral bullish trend. From the chart, the current price is oscillating near the 7-day moving average at around 63,200. The monthly line at 62,800 is a key support, while 64,200 above serves as strong resistance. The overall market is in a repair and consolidation pattern.
In the early session, only range-bound trades are being executed. A direct short position is taken near 63,900–64,200. If bears are strong, the price could drop to 62,000. Conversely, if the price retraces and stabilizes near the 62,800 support level, a light long position can be considered. #特朗普宣布美伊停火结束 $ETH $BTC