Analysis: Bitcoin market sentiment diverges significantly, $105,000 becomes key technical level

Cointime2025/07/07 19:05

By: Cointime

according to the latest market briefing from Greeks.Live, there is a clear division in sentiment in the current Bitcoin market, with bearish and bullish investors deploying different strategies around the key technical level of $105,000. Although the overall trend remains bullish, uncertain macroeconomic conditions and low market volatility make directional bets difficult.

Bearish investors are preparing to attack at $105,000, and if Bitcoin cannot hold this price level, the bearish view may fail. At the same time, some traders hold bullish options at $110,000 waiting for the weekend to expire, shifting their investment focus to finding buying opportunities in the current low volatility environment.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

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Analysis: Bitcoin market sentiment diverges significantly, $105,000 becomes key technical level

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