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- 🎉 A Warm Welcome to Dr.Han on Gate Square!
Dr.Han — Founder of Gate and a seasoned crypto industry observer — is now officially sharing insights on Gate Square!
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- 🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
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📅 July 3, 7:00 – July 9,
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📅 Ends at 16:00 PM, July 7 (UTC)
From the daily chart analysis, Bitcoin experienced a significant decline again on the weekend evening, with the price once falling below the psychological barrier of 100,000 USD to around 98,600 USD. Although there was a slight rebound afterwards, the upward momentum is insufficient, and the current price is hovering around 99,000 USD, with the overall downtrend not yet reversed.
In the short term, the market has entered a phase of fluctuation and repair, with the strength of the rebound increasing, but it is still difficult to change the current falling trend.
Based on the analysis of candlestick patterns, the recent appearance of doji and flat-bottom patterns, combined with the oscillation characteristics shown by technical indicators, it is expected that Bitcoin will maintain a consolidation within the range of $99,000 to $100,000 in the short term.
From a technical perspective, the key resistance level for Bitcoin is in the range of 99500-100000 USD, and investors need to be cautious in defense; the downward target area is 98000-97000 USD. If it falls below this range, it may further explore lower price levels.