Market analysis of BTC/ETH on July 9, 2025, at 9:58 AM.

On this night, 800 million CNY was liquidated, with 52,459 people going bankrupt to zero. Market participation has diminished significantly. Last night, the strategy was to short first and then go long, with the long strategy betting on a second peak in the early morning; at this moment, reviewing the situation, the second peak in the early morning successfully met expectations!
Especially the first pullback of ETH made you focus on the 2560 level. If it stabilizes continuously, you can bet on a second peak in the early morning. If you're considering a deep squat, you can think about whether 2530 gives an opportunity for the first position. In the early morning, it consolidated around the 2560 level for about an hour and a half, then rebounded directly to a high of 2627, reaching our first support level's lower boundary!
BTC Attention
Support 106132/104757/103055
Pressure temporarily set at 112000
At this moment, it is oscillating within the large range of 107507-109500. Pay attention to the upper and lower bounds of this range, and focus on whether there is a significant breakthrough or a significant drop at the upper bound!
ETH attention
Support 2466/2403
Pressure temporarily set at 2665/2719-2788
At this moment, we have touched the key level of 2627. The key levels to watch are 2585/2542. Pay close attention to the volume and price changes at these key points to decide whether to make a move today!
In terms of operation: Today, the second pancake is clearly slightly stronger than the big pancake. This week, the main focus is on the second pancake and Solana. The fluctuation of the big pancake is too narrow, leaving little room, while the second pancake still has space for movement!
Today, the market is essentially not much different from yesterday. BTC continues to consolidate, while a bunch of altcoins are fluctuating significantly, attracting market participation. Do not rush to look for trading opportunities until we reach a key point; be patient. At this moment, the more the market behaves this way, the more cautious we must be. We cannot operate carelessly in the middle positions!
#GateLive# #GT#