7/10 BTC market analysis:

Beware of scams! Be cautious with contracts!

At 12 noon, a positive line came, breaking through the pressure level of 58,200, and the highest was 59,470. However, I don’t think this is a new number of reversal, at most it is a small rebound. The daily line stands above 60,000 to start the reversal, but at present, I think it is far from it.

In the next market, my view is that it will still fluctuate between 5.6-5.9. Although I am a bull, I think it is unlikely to go up to 60,000 and then start a V-reversal.

First of all, since the new high, there have been few cases of closing positive lines for three consecutive days.

Second, the current market panic has reached 28, and many retail investors have been washed out again in the last wave. It is inevitable to be cautious without big good news.

Third, the news is still bearish, interest rate cuts, Germany, Mentougou, etc., these news noises are still bearish.

Finally, if there is no strong rebound in this bottom repair, there is a high probability that there will be three bottoming outs.

In my opinion, it is still a bull market, so I still think the current price is the bottom price, and it is not a loss to enter the spot market. As I said above, enter the contract market with caution. The uncertainty at the small cycle level is high.