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Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Thursday, July 10, 2025, I am Wang Yibo! Good morning to all coin friends☀️ hardcore fan daily attendance👍 Like and make a fortune🍗🍗🌹🌹
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U.S. stocks closed higher on Wednesday, with the Dow initially up 0.49%, the S&P 500 up 0.6%, and the Nasdaq up 0.94%. Nvidia ( NVDA.O ) rose 1.8% but failed to maintain its historic $4 trillion market value at the close. C-b rose over 5%, and Futu Holdings ( FUTU.O ) surged 9%. Apple ( AAPL.O ) increased by 0.5%. The Nasdaq China Golden Dragon Index fell 1.1%, with Alibaba ( BABA.N ) down 3.8%. According to CME's "Fed Watch": the probability of the Fed keeping interest rates unchanged in July is 93.3%, and the probability of a 25 basis point rate cut is 6.7%. The probability of the Fed holding rates steady in September is 31.1%, with a cumulative probability of a 25 basis point cut at 64.4% and a 50 basis point cut at 4.5%. Overnight, Bitcoin broke its historical high, reaching nearly $112,000, while Ethereum rose to around $2796. The altcoin market saw a bullish trend, with meme coins occupying the top spots on the gainers list. Popular sectors are rotating frequently, and the contract market is experiencing another surge in short positions. In the ever-changing crypto market, stay tuned to Yibo for real-time updates!
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Recently, the price of Bitcoin experienced a strong surge, reaching a new high of 112000, before starting to consolidate. The current price is around 111200, and the momentum of the upward trend has shown some weakening. The Bollinger Bands indicate that the price is operating near the upper band, with the market in a strong position but having entered a consolidation area. In the short term, the bullish trend in the market still dominates, but the reversal signals formed by the double top and flat top require close attention. We are currently at a critical market juncture. Although the short-term bullish trend remains, the risk of a pullback should not be overlooked. Additionally, the sustainability of the oscillation near the upper band of the Bollinger Bands is key in the short term. If the price fails to effectively break through the high point of 112000, a pullback to the middle band of 110200 may occur to seek support.
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Ethereum also moved strongly in tandem with Bitcoin overnight, rebounding sharply from a low of 2628 in the early hours, reaching a high of 2796 before the upward momentum paused. Currently, the bullish volume has slowed down, and we have re-entered a consolidation phase. The key point lies in the slow movement and limited space, so selecting points for entry is relatively crucial. In the short term, we should pay attention to the continuation of the upward trend in the context of a slow oscillation and gradual increase. Additionally, we need to observe the strength of the pullback; if the pullback strength is weak, we can look for upward movement from the lower levels. If the key position breaks, we will follow the trend to see further downward space. Currently, the four-hour chart shows weak pullback strength, with the trend displaying oscillating upward movement. In terms of operation, we continue to look for pullbacks to enter long positions and respond flexibly with short positions after the rebound faces resistance.