
Adam@Greeks.live|Jul 10, 2025 10:55
http://Greeks.Live Daily English Community Briefing
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Release date: July 10, 2025
Overall market sentiment
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The community is divided on the direction of the market, and bears are suffering greatly as Bitcoin rises to a historic high near $112000. The key resistance level includes the range of $110000 to $112000, with some traders expecting a possible pullback to $108000, while others remain bullish after the ETF absorbs the selling pressure of cryptocurrency native.
ETF demand vs crypto native supply - bulls dominate
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ETF buying overwhelms crypto native selling, IBIT shows+10 premium during rally period
The main resistance walls of $110000 and $11100-112000 were completely absorbed by ETF demand, even surprising bullish traders
The algorithmic trading system still maintains short positions and increases positions, creating potential conditions for sustained upward pressure
Bears are losing confidence, with $112000 identified as the final defensive position before surrendering
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