Bitcoin July 10🌞 Market Analysis



Bullish: Ongoing US-Iran technical negotiations ease geopolitical risk; employment data is moderate, boosting rate-cut expectations; institutions increase ETH holdings, and on-chain demand has warmed up. BlackRock bought $250 million worth of Bitcoin.
Any bullish factor is a chance to unload.

Bearish: Citi cut its BTC target price to $82k; ETF fund outflows; progress on regulatory bills is stalled; the escalation of Middle East conflict suppresses risk appetite. MicroStrategy unloads.

Resistance levels:
64,706.3
65,885.6
69,264.5
Whether bullish or bearish, conditions can remain within the resistance levels to place multiple short orders.

Support levels:
60,250.6
57,809.4
55,593.2
In a bullish scenario, you can try to trade a rebound from the support level. $BTC
BTC1.17%
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