Pionex: Latest Market Analysis for Bitcoin on July 7

Article Published on 2025.7.7 ---- 00:10

The current price of Bitcoin is 108,650. Pionex has observed that the upward momentum in the current market has somewhat slowed down, with both bullish and bearish forces being relatively balanced. Therefore, from a short-term perspective, Pionex believes that after experiencing a decline in momentum, the price may see a slight pullback. However, the support level around 108,000 may limit the downside, and rebound signals are gradually emerging. Ultimately, Pionex suggests focusing on the performance near the support level. If the price stabilizes at the support and further breaks through the key resistance level of 109,000, it may be appropriate to follow the bullish trend; otherwise, it is advisable to remain on the sidelines and wait for clearer signals before intervening. In the short term, attention should be paid to controlling positions, with stop-loss points set near key support levels to avoid potential pullback risks.

Today's Reference Points:

• Long Entry Point: 108,000, Stop Loss: 107,500, Target: 110,000
• Short Entry Point: 110,500, Stop Loss: 111,000, Target: 108,500

Latest Market Analysis for Ethereum

Before publication, the current price of Ethereum is 2,550. Pionex has found that Ethereum is currently in an unclear trend phase, with multiple technical indicators showing a tug-of-war between bulls and bears. Therefore, in the short term, Pionex sees a certain pullback risk in the recent high-level fluctuations. The K-line pregnant line pattern, RSI overbought signal, and BOLL band contraction all indicate that the short-term market may face pressure for consolidation or even a slight pullback. However, due to the MACD red bars and the moving average system showing a bullish arrangement, the bullish sentiment has not fundamentally changed. Ultimately, Pionex suggests continuing to monitor whether the support in the 2,500-2,520 range is effective. If the price breaks below this range, a short position may be attempted, targeting the lower Bollinger Band near 2,490, while strictly controlling positions to avoid chasing highs.

Short-term Strategy Reference:

• Long Entry Point: 2,450, Stop Loss: 2,400, Target: 2,550
• Short Entry Point: 2,630, Stop Loss: 2,660, Target: 2,510

The above is Pionex's brief analysis of the current market situation 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 ever-changing 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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