Pionex: Latest Bitcoin Market Analysis on July 3
Article Published on July 3, 2025 - 00:10
The current price of Bitcoin is 108,300. Pionex assesses that the market is currently in a strong upward trend with significant volatility and evident bullish sentiment. In the short term, the price is near the upper band of the Bollinger Bands, indicating a strong trend. However, the RSI shows signs of overbought conditions, suggesting potential pullback pressure. The price may continue to rise in the short term, but caution is advised for possible fluctuations or adjustments near key resistance levels. Pionex recommends a bullish stance in the short term, with light positions to chase the rise, while closely monitoring the breakthrough of the key resistance level at 109,000. If the price breaks through the resistance and stabilizes, consider increasing long positions. If the price faces resistance at the upper band and pulls back, watch for support at the middle band of the Bollinger Bands for long positioning. Be mindful of overbought risks in the short term, avoid heavy positions, and conservative investors may wait for adjustments before entering.
Today's Reference Points:
- Long Entry: 106,500, Stop Loss: 106,000, Target: 108,500
- Short Entry: 109,000, Stop Loss: 109,500, Target: 107,000
Latest Ethereum Market Analysis
Before publication, the current price of Ethereum is 2,495. Pionex observes that the current market volume is sluggish, with limited market participation. Overall, there is a slow upward trend, with prices approaching the upper boundary of the consolidation range, indicating potential for an upward breakout. In the short term, with the MACD golden cross and the strengthening of the red momentum bars, along with the RSI gradually entering the overbought zone, bullish sentiment dominates the market, and prices may further test the key resistance level at 2,500. However, the overbought state may trigger some pullback pressure, so it is essential to monitor whether the price can stabilize above 2,500. Pionex ultimately suggests waiting for a breakout above 2,500 before considering entry, confirming the direction before following the trend. Until a breakout occurs, trading within the consolidation range should focus on a high sell-low buy strategy, avoiding heavy positions to guard against potential pullback risks after overbought conditions.
Short-term Strategy Reference:
- Long Entry: 2,440, Stop Loss: 2,410, Target: 2,500
- Short Entry: 2,500, Stop Loss: 2,530, Target: 2,430
The above is a brief analysis by Pionex regarding the current market conditions for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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