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📅 July 3, 7:00 – July 9,
The current Crypto Assets market is in a stage of fluctuation and adjustment, with major assets generally showing weakness.
Bitcoin has been frequently testing the support level below recently. Although it is temporarily maintaining above $103,500, the upward momentum is clearly insufficient, and it seems unable to cope with the pressure range of $105,900-$106,500, with trading volume not enough to support a breakout. Looking at a larger timeframe, the downtrend still dominates, and once it breaks below the psychological threshold of $100,000, the possibility of a rapid pullback to the $93,000 area will significantly increase.
The situation with Ethereum is similar, consolidating around $2,500 in the short term, with an overall weak trend. If it loses the support level at $2,490, a drop to $2,400 or even lower levels would be a reasonable move, and there have not yet been clear structural signals indicating a reversal. Even if a short-term rebound occurs, it is more likely to be of a corrective nature, and investors should not be overly optimistic.
Although small market cap tokens occasionally show a rebound, their overall fate is still closely linked to Bitcoin and Ethereum. In the case of poor performance from mainstream coins, small coins face greater challenges, with limited short-term operational space, and investors may face the risk of being stuck at high positions at any time.
Overall, the market is currently in the final stage of consolidation, with a higher probability of a downward breakout. In the remaining time of June, the market may experience another wave of collective decline. In this situation, the wisest strategy for investors is to remain patient, hold light positions, control trading impulses, and wait for a clearer market direction.