7.3 Thursday, Bitcoin latest market analysis

Volatility is the norm, spikes and dips are daily occurrences, don't let K-lines dictate your heartbeat. Remember: fluctuations are the movers of wealth. Last night, Bitcoin surged dramatically, and with the opening of the U.S. stock market and the surprising non-farm payrolls, the coin price increased significantly, gaining nearly over 4600 points in a day. This one-sided movement is too exaggerated; in the morning, the price reached around 109000.

Although the price has broken through 109000, there is a divergence in volume and price on the 4-hour chart, with the RSI overbought at 89, and the MACD momentum weakening, indicating that the bulls are losing strength. The current price has reached the strong resistance zone of Fibonacci 1.618 (108800-110200), and on-chain monitoring shows large amounts of BTC being transferred to exchanges above 110000, with the derivatives funding rate as high as 0.15%, significantly increasing the short hedging pressure. If it cannot stabilize above 109500, it may test the support level at 105800 in the short term, and a break below that would confirm a head and shoulders pattern, targeting the range of 102300-101500.

Bitcoin strategy: Short around 109500, target 105800
Ether Strategy: Short around 2610, target 2450 #Gate用户突破3000万# #美股代币化# #特朗普马斯克分歧#