‼️July 12 + [BTC Market Analysis] + Today's encryption news ‼️

Currently, BTC is still in an overall bullish trend, and there is a possibility of further upward movement in terms of patterns. However, in the short term, it has entered a high-level consolidation range. It is expected that over the weekend, it will repeatedly test around key support and resistance levels for strength confirmation.

🔹 **Resistance levels above:** 119370 / 121519
This is the suppression zone for trend extension. If it breaks through 121520 with increased volume, the trend will open up a new round of upward space.

🔹 **Support levels below:** 116069 / 114573
If the pullback does not break, it indicates that the bullish structure remains solid; if it breaks below 114573, one should be cautious of entering a corrective rhythm in the short term.

The market is expected to maintain a range-bound fluctuation over the weekend. It is recommended to operate by selling high and buying low around the aforementioned range, while waiting for a directional signal.

📊 Market Data Briefing:

• Total liquidations in the past 24 hours: $430 million
• Total Contract Holdings Across the Network: $175.99 billion
• Total market transaction volume: 354.85 billion USD

🧨 Cherish life, stay away from heavy contract positions!

📰 Today's Top 10 Encryption Events:

1️⃣BlackRock Bitcoin spot ETF assets exceed 80 billion USD

2️⃣Linea Project Leader: An announcement related to the TGE will be released this month.

3️⃣OpenAI's $3 billion acquisition of Windsurf failed, and the latter has turned to Google.

4️⃣Tether will stop supporting USDT on five chains including EOS on September 1.

5️⃣ Road Huazheng Securities plans to apply for a virtual asset trading license in Hong Kong and introduce stablecoin payment settlement services.

6️⃣Strategy The total value of held coins exceeds 70 billion USD, and the company's market value is currently reported at 122.1 billion USD.

A man sentenced to 12 years for stealing $22 million in cryptocurrency through SIM card swapping.

Zerohash, a stablecoin infrastructure startup, plans to raise $100 million, with a valuation of nearly $1 billion.

9️⃣ Bitcoin spot ETF had a net inflow of $1.03 billion yesterday, while Ethereum spot ETF had a net inflow of $205 million yesterday.

🔟After purchasing 10,000 ETH from the Ethereum Foundation, SharpLink increased its holdings by another 21,487 ETH, valued at 64.26 million USD.