Bitcoin Nears $110,000 Amid Consolidation and Mixed Market Signals Ahead of July 4 Holiday
2025-07-03 21:52:26
Main Idea
Bitcoin surpasses $110,000 amid bullish technical indicators and strong U.S. jobs data, while Ethereum consolidates with mixed signals. The market shows potential for volatility as traders watch key resistance and support levels.
Key Points
1. Bitcoin breaks above $110,000, with RSI at 60 indicating healthy bullish momentum and ADX at 12 suggesting a potential breakout.
2. Ethereum consolidates above $2,590, facing a 'death cross' but showing resilience with RSI at 57 and ADX at 12.
3. Strong U.S. labor data (147,000 new jobs, unemployment at 4.1%) bolsters market confidence, though rising Treasury yields temper enthusiasm.
4. Key levels: Bitcoin support at $104,000 (50-day EMA), resistance at $112,000; Ethereum support at $2,400, resistance at $2,700 and $2,900.
5. Market poised for volatility ahead of the 4th of July holiday, with traders monitoring macroeconomic and technical signals.
Description
Bitcoin has surged past the $110,000 mark ahead of the 4th of July holiday, signaling potential market fireworks despite lingering bearish sentiment. Ethereum and other top cryptocurrencies remain in consolidation
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