⚡️⚡️July 3 BTC price 61000⚡️⚡️
‼ ️‼ ️BTC will have 2 retracements to form the secondary low‼ ️‼ ️
1. Current market review
BTC price is temporarily stable near 61000, which is consistent with yesterday's prediction. BTC fell back after encountering resistance at the daily MA20, and the daily line closed negative. From the 30-minute level, the market showed a volatile downward trend, testing the support near 60800, the starting point of the positive line on June 30. This support level is strong and is expected to be effectively supported during the day, providing investors with potential long opportunities
2. Short-term trend outlook
BTC trend replication: The current BTC daily level trend is similar to the stage from May 6 to May 12, indicating that the market is undergoing a period of consolidation and consolidation. This kind of callback nature is more inclined to the main force adjusting its position in preparation for subsequent pull-ups.
Moving average system changes: It is expected that by mid-July, the 5-day moving average and the 20-day moving average will gradually approach and may form a close divergent pattern, which will bring stronger upward momentum to the market. At the same time, the technical aspects of the 4-hour level must also be fully developed to ensure the sustainability and stability of the upward trend.
3. Key support and pressure
Short-term pressure level: BTC faces a pressure range of 62330 to 62750 in the short term. If this range can be effectively broken, it will open up further room for growth.
Support level analysis: The first support level is still at 60800. If this level is lost, the second support level of 58700 may be sought. At present, the 60800 support level is relatively stable
4. Altcoins and hot spots
Altcoin performance: Some altcoins such as ACH, ROSE, and JUP have recently shown strong resistance to declines and independent signs of strengthening. In particular, the decline of ACH may bring good buying opportunities. Investors can pay attention to the intraday dynamics of these currencies.
News impact: METIS has a major move in July. For followers of the project, this may be a good opportunity to ambush. At the same time, other news that may affect the market also need to be continuously monitored.
5. Summary and suggestions
In summary, although BTC faces certain pressure in the short term, the overall trend is still in a volatile upward channel. Stay patient and pay attention to the changes in the moving average system and the dynamics of market news. For investment in altcoins, you can choose varieties that are resistant to declines and have independent signs of strengthening.
