Bitcoin Weekend Market Review and Current Analysis (2025 July 7, 2025 )

Market Review:
From July 5 to July 6 (Saturday and Sunday), due to the influence of the weekend, Bitcoin's market fluctuations are relatively limited, maintaining an overall oscillation pattern.

July 5 - July 6 Daytime: Prices continued to range sideways between 107,701 and 108,301. It is worth noting that the decline has never effectively broken below the recent low of 108,601, indicating that the support in this area is effective and a preliminary foundation for a rebound is being established.
July 6, 18:00: The first round of rebound begins, with the high point reaching 109,074.
Then, until the early morning of July 7: the price fluctuated slightly between 109,000 and 108,601.
July 7th at 02:00 AM: A deep pullback occurred, with the low reaching 108,201. The price tested this level twice without breaking below it, and then began a second rebound.
Second rebound high point: reached 109,685, briefly broke through the upper Bollinger Band, triggering a technical correction.
Current price level ( analysis point ): around 108,801.

Technical Analysis ( 1-hour K-line chart ):

1. Bollinger Bands: opening expands upward (upper band 109.3, lower band 107.579), middle band rises to 108.489. The current price is above the middle band.
2. Moving Average System (MA): The 5-day and 10-day moving averages are forming short-term resistance around 108,821, and the current price has fallen below this area. The MA system shows a bullish arrangement.
3. Indicator performance:
MACD: *After the second small golden cross appears, the fast line begins to converge (upward momentum weakens).
RSI: Changed from a golden cross to a death cross downtrend, the current value is at 39/64 (the original text here is not clear enough; according to the conventional RSI, it should be a single value, inferred to mean the current value of 39, falling back from 64, indicating a fluctuating downtrend).
Conclusion and Strategy:

Short-term direction: fluctuating downwards.
Core fluctuation range: 108,981 -- 108,401.
Key resistance level: 110,001.
Key support level: 106,201.
Current short-term support: 107,801.
Current trend interpretation: Bitcoin experienced a technical pullback after briefly breaking through the upper Bollinger Band, and is currently testing the support area of 108,401 downward. If it effectively breaks below this level, the downside risk increases, potentially further probing down to 107,801.
Trading Strategy: Consider trying to short near 109,001.
If the price goes up, you can add to your short position around 110,001.