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Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Friday, July 11, 2025, I am Wang Yibo! Good morning to all crypto friends ☀️ Daily attendance 👍 Like and make big money 🍗🍗🌹🌹
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U.S. stocks closed higher on Thursday, with the Dow initially rising 0.4%, the Nasdaq up 0.09%, and the S&P 500 index increasing by 0.27%, both of the latter reaching all-time highs during the session. Tesla (TSLA.O) rose 4.7%, Nvidia (NVDA.O) increased by nearly 1%, closing with a market capitalization of $4 trillion. The crypto market experienced a liquidation of $955 million across the network in the past 12 hours, with long positions liquidated at $65.79 million and short positions liquidated at $890 million, primarily from shorts. Overnight, Bitcoin broke its historical high, refreshing to nearly $117,500, while Ethereum surged to around $3,005. The altcoin market exhibited a general 📈 trend, with the top gainers dominated by meme coins, and the popular sectors rotated frequently, leading to another surge in the contract market. Recently, we have been anticipating a strong rebound from the bearish edge of the channel, trying to reclaim what was lost. The rebound in the early morning caught everyone off guard; no one can maintain a winning streak. Zhao Zilong is known as the undefeated general, but ultimately, he couldn't avoid defeat! Failure is not scary; what's truly frightening is the lack of courage to start over. Get up from where you fell and keep moving forward. In the ever-changing crypto market, pay attention to Yibo to grasp real-time dynamics!
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Bitcoin surged to the 112,000 line in the early morning and then slightly retreated. Although it showed fluctuations during the day, it remained firmly at a high position. In the evening, the bulls exerted strength again, and after a brief adjustment, it soared strongly, not only refreshing the historical high but also breaking through the 117,500 mark, currently operating at 115,900. From the daily level, the price has consistently stayed above the middle track, clearly demonstrating an overall strong trend. From the current market situation, the bullish trend of Bitcoin has emerged strongly, leading the market to continuously refresh historical highs, with no obvious resistance above hindering its rise. From the daily perspective, there are three strong consecutive candles standing firmly above the moving average, with solid K-line bodies indicating strong buying power, successfully breaking through the previous fluctuation range, with the 112,000 line forming strong support. In conjunction with the four-hour level, the Bitcoin price has shown massive bullish candles at midnight for two consecutive days, forming a unilateral upward trend. The Bollinger Bands are opening sharply upwards, with the central line moving up, and the trading volume is accompanying the price increase, creating a scene of volume-price ascension. As long as the price does not retest the support without breaking, it presents an opportunity for bullish positioning!
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Ethereum started an upward trend early in the morning, briefly retracing after hitting the 2822 line around noon, and then rising again in the evening driven by Bitcoin, testing a high of 3005, currently running at the 2960 line. From the hourly perspective, the Bollinger Bands show a significant opening shape, with a noticeable expansion of the bands, indicating strong price momentum and forming a clear unilateral upward trend, with bullish strength prominently dominating the market characteristics. Switching to the four-hour level, the candlestick chart continues to break upward and drives the Bollinger Bands to expand upward simultaneously, with the band shape resonating with the price trend, further confirming the strong continuation of the bullish trend, with the offensive posture of the bulls clearly evident.