
PANews|Jul 09, 2025 06:14
HashKey transaction timeBitcoin tackles 110000, Ethereum points to key resistance, how to layout under the shadow of tariffs?
Although the United States has extended the temporary suspension of tariffs until August 1st, this week it once again threatened to increase tariffs on imported goods from major trading partners, causing continued uncertainty about the final tariff level.
With the upcoming implementation of the Hong Kong Stablecoins Ordinance in August, the market is eagerly anticipating the compliance dividends brought about by the clear regulatory framework. HashKey's Chief Analyst Jeffrey Ding pointed out that Hong Kong stock stablecoin concept stocks such as Jin Yong Investment have recently doubled and risen, reflecting strong market expectations for compliance dividends after the regulations come into effect in August.
The cryptocurrency market is going through a critical stage of technological breakthroughs and cyclical verification. Both long and short sides are fiercely playing around $110000. Analyst 0xENAS pointed out that if the price cannot break through this resistance level, it may quickly fall back to $100000; On the contrary, it is expected to impact $120000.
In terms of Ethereum, analyst Open4profit stated that ETH is approaching the triangular resistance level of $2630 after reaching $2600. Open4profit suggests paying attention to changes in trading volume to confirm the trend.
In the altcoin market, Vertex announced the migration of DEX from Arbitrarum to the Ink network and the gradual phasing out of the native token VRTX, resulting in a 60% drop in VRTX within 24 hours. Solana Ecology Letsbonk and http://Pump.fun The controversy over MEME tokens remains hot.
BTC Medium to Long Term Trend Channel: Along the Upper Line of the Channel ($108964.14), Along the Lower Line ($106806.44)
ETH Medium to Long Term Trend Channel: Along the Upper Line (2545.01 USD), Along the Lower Line (2494.61 USD)
By @HashKeyExchange & @PANewsCN
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