Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Monday, July 7, 2025. I am Wang Yibo! Good morning, crypto friends ☀️ Daily attendance for iron fans 👍 Like to make big money 🍗🍗🌹🌹

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A new day brings a fresh atmosphere to the cryptocurrency market, filled with unknowns and surprises every day. The overnight cryptocurrency market experienced an overall rebound, with Bitcoin breaking through the $109,000 mark at four o'clock in the morning, breaking a long-standing sideways trend. Ethereum surpassed $2,600. Currently, various technical indicators for Ethereum are positive, and driven by market sentiment, it is very likely to usher in a new round of upward momentum. In addition, the SOLana ecosystem has recently strengthened overall due to the SOL effect, attracting significant attention from funds, and various projects in the ecosystem have also become active. At the same time, the meme sector is also showing a trend that is expected to strengthen, possibly becoming the next hotspot in the market. In the ever-changing cryptocurrency market, pay attention to Yibo to grasp real-time dynamics. How the cryptocurrency market will develop in the future, and whether mainstream cryptocurrencies like Bitcoin and Ethereum can continue their upward momentum, I will continue to update.

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Bitcoin showed a rebound overnight, rising from a low of 108240 and once climbing to a high of 109688 before encountering resistance, subsequently entering a correction phase. Observing the 4-hour K-line chart, the market displayed a significant characteristic of thin trading over the weekend, with prices maintaining a narrow range oscillation below the middle track. On Sunday evening, the market suddenly surged with volume, forming a strong breakout trend, with prices briefly standing above the middle track, creating a typical bullish engulfing pattern of two bullish candles covering one bearish candle, which may allow for a re-entry to long positions in the morning.

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Ethereum also shows a V-shaped reversal trend, strongly rebounding from the low of 2521, reaching a high of 2605 before the upward momentum temporarily paused. From a technical indicator perspective, the MACD shows that bearish strength is weakening, while bullish strength is beginning to strengthen. The KDJ indicator was close to forming a death cross downward, but has now suddenly turned upward again. A sideways adjustment is expected at key levels, and after a consolidation of the range, a direction will be chosen again. If a strong breakout does not occur in the short term, the oscillation pattern will continue, and short-term positioning can be done by selling high and buying low within the range. #Gate VIP 焕新升级#