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📅 July 3, 7:00 – July 9,
In yesterday's trading, the Bitcoin market showed a strong upward trend. After hitting a new low in the morning session, the Bitcoin price began to rise steadily, forming a series of consecutive upward movements, which is quite similar to the market performance on June 6. Notably, Bitcoin has broken through the resistance line of the downward channel on the daily chart, which may indicate a potential shift in market sentiment.
However, investors are now focusing their attention on the upcoming non-farm payroll data. Before the release of this important economic indicator, the market is expected to be primarily volatile.
From a technical perspective, today's key resistance level for Bitcoin is in the range of $109,700 to $110,300, while the support level is between $107,800 and $107,300. These price points will be important reference points for traders to closely monitor in the short term.
For the upcoming market direction, it is advised that investors remain vigilant, especially before the non-farm payroll data is released. This data can have a significant impact on the cryptocurrency market, as it is often seen as a barometer of the overall economic health.
Overall, although Bitcoin has shown some upward momentum recently, market participants still need to exercise caution, closely monitor the upcoming economic data, and adjust their trading strategies in a timely manner based on market reactions.