July 3 Cryptocurrency Market Review: The market has significantly corrected, BTC ETH SOL precise support and resistance, and short-term trading strategies.

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1 hour ago

1. Today's Latest News

1. Macroeconomic Liquidity
The Federal Reserve maintains high interest rates; inflation remains sticky, and expectations for easing are delayed; the Crypto Fear and Greed Index is between 15 and 19, in the extreme fear range; BTC spot ETF has seen continuous net outflows for several weeks, with insufficient incremental institutional funds, and the market is mainly a game of existing funds.

2. Market Funds
The total liquidated amount across the network in the past 24 hours is 602 million dollars, with short liquidations taking the majority; low positions have triggered short covering, causing a short-term technical rebound; the total market value of stablecoins has not shown significant expansion, and there is no new large money entering the market.

3. Regulatory News
Australia officially implements crypto travel rules on July 1, requiring complete real-name verification for transfers; the UK has finalized the crypto regulatory framework; within the country, it has been reiterated that virtual currency trading is considered illegal financial activity, with strict controls on cross-border fund transfers, and violations in currency exchange will attract penalties.

4. Favorable Coins
Solana-related staking ETFs have continued to see inflows, with increased ecosystem activity, becoming the strongest mainstream coin in this rebound; the ETH on-chain Gas remains sluggish, with Real World Assets (RWA) falling short of expectations, continuing to perform weaker than BTC and SOL.

2. Market Status
• BTC: around 61,800 dollars, with a 24-hour increase of about 3%, a weekly increase of 4%, recovering from an earlier low of 58,000 dollars after a significant drop.
• ETH: around 1,701 dollars, with a 24-hour increase close to 5%, overall performance is weak, fluctuating at low levels for an extended period.
• SOL: around 81 dollars, with a 24-hour increase close to 5%, a weekly increase of over 22%, showing the strongest elasticity and leading in gains among mainstream coins.

Overall Judgment: This rise is a technical rebound due to overselling and short covering, with insufficient trading volume; the major downtrend has not reversed and is merely a short-term correction.

3. Key Support/Resistance Levels

BTC Bitcoin
• Short-term Support: 60,000, 58,000; Medium-term Strong Support 54,000
• Short-term Resistance: 63,000, 65,500; Medium-term Bull-Bear Threshold 68,200

ETH Ethereum
• Short-term Support: 1,650, 1,600; Lifeline Strong Support 1,500
• Short-term Resistance: 1,700, 1,780; Holding above 1,700 is necessary to relieve short-term weakness

SOL Solana
• Short-term Support: 72 to 73 dollars; Strong Support 68 to 70 dollars
• Short-term Resistance: 78 to 80 dollars; An upward target of around 86 dollars after breaking through

4. So-called Trading Strategies (For informational reference only, practical execution is prohibited)

1. BTC (Stable)
The rebound is a corrective trend; do not chase highs.
Short-term: Resistance is evident above 63,000; one can observe; for pullbacks to the 60,000 to 58,000 range, a small position can be taken to gamble on a short-term rebound, with a stop loss set below 57,500.
Medium-term: Only if 68,200 can be sustained with volume can the medium-term bearish pattern be changed; otherwise, treat it with a mindset of fluctuating downwards.

2. ETH (Weak, follows BTC)
ETH's independence is weak, completely relying on BTC's movements.
Short-term: Heavy selling pressure exists near 1,700, do not chase up; for pullbacks to 1,620 to 1,640, a small position can be taken to gamble on a rebound, with a stop loss at 1,590; once it falls below 1,500, mid-term downward space opens up.

3. SOL (High volatility, high risk)
SOL has strong leverage properties, with frequent sharp rises and falls.
Short-term: A small position can be taken to try long near the 72 to 73 range, targeting 78 to 80, with a stop loss below 69; if unable to break through the 80 mark, it may quickly fall back; stabilization above 80 is necessary to see higher levels.

5. Summary and Risk Reminder
1. Nature of the Market: Oversold rebound, not a reversal of the bull market, likely to return to a consolidating bottom.
2. Core Suppression: High interest rates from the Federal Reserve, continuous outflows of ETFs, absence of incremental funds from outside the market.
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July 3 Crypto Market Review: Market Oversold Repair, BTC ETH SOL Precise Support Resistance and Short-term Trading Ideas_aicoin_Image1

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