‼July 8th [BTC Market Analysis] + Today's encryption news collection 📉📈 ‼

After the failure to break through 110,000, Bitcoin has fallen back into the consolidation range, with key support currently around 105,000.

Last night's 4H close fell below 108,700, indicating a weakening bullish structure. It then retraced to 107,200, finding support, and the market has entered a small cycle rebound phase.

The short-term rebound resistance is focused on 108,000. If it breaks through, look for 108,500. Only with a 4H close above 108,500 can the market hope to challenge the 109,600–110,400 area again.

This pressure range is an important profit-taking zone. It is recommended to gradually realize profits and wait for the next opportunity.

📊 Market Data Briefing:

• Liquidations across the network in the past 24 hours: $170 million
• Total contract positions across the network: $148.67 billion
• Total trading volume: 192.74 billion USD

Cherish life, stay away from heavy contract positions!

📰Today's encryption major events TOP🔟:

Goldman Sachs: The Federal Reserve may cut interest rates earlier than expected.

Trump announced a 25% tariff on South Korea and Japan.

TrumpMeme: The TRUMP token is about to launch on the Tron network.

Two dormant Ethereum ICO wallets, inactive for over 9 years, transferred a total of 1140 ETH early in the morning.

The usage scale of the Yiwu stablecoin is far lower than rumored, with only a few merchants accepting it.

Strategy has paused Bitcoin purchases for the first time since April this year.

Hong Kong aims to issue stablecoin licenses within the year, with multiple interactive platforms responding to related arrangements.

TON Foundation: The UAE Golden Visa Program has not yet reached any formal agreements.

The total net inflow of Bitcoin spot ETFs yesterday was $217 million, continuing a net inflow for 3 days.

The total net inflow of Ethereum spot ETFs yesterday was $62.1123 million, with no net outflows from the nine ETFs.