Tracking real-time crypto hotspots and seizing the best trading opportunities. Today is Wednesday, July 8, 2026. I am Wang Yibo! Good morning, crypto friends! ☀ Loyal fans check in 👍 Like to get rich 🍗🍗🌹🌹



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The crypto market faced overall downward pressure yesterday. Bitcoin failed to break further after surging to 64,700, and Ethereum faced similar pressure after touching 1,833, then both pulled back in line with the weakening U.S. stock market. Macroeconomic factors exerted pressure again: the U.S. Treasury revoked the exemption allowing the sale of Iranian oil, reinstating sanctions on Iranian oil. Coupled with allegations that Iran attacked a Qatari LNG tanker and the U.S. military striking multiple locations in southern Iran again, escalating geopolitical tensions drove international oil prices up over 5%. The market fears that high energy prices will push the Fed to maintain a tightening stance. The U.S. Dollar Index returned above 101, U.S. bond yields rose, and risk assets collectively came under pressure, with the Nasdaq falling over 1% and memory chip stocks continuing their decline. Yibo will keep tracking macro data, institutional capital flows, and on-chain changes, updating strategies in real time.

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The bullish structure on the larger timeframe has not been broken (BTC holding 62,500 / ETH holding 1,760), but short-term correction pressure has increased. Geopolitical conflicts and rate hike fears form dual headwinds. This is a phased pullback after hitting resistance, not a trend reversal. The fate of key support levels will determine the next direction.

Position reference:

Long: BTC—wait for stabilization in the 62,500-62,800 zone to enter long, stop loss below 62,000; ETH—wait for stabilization in the 1,750-1,760 zone to enter long, stop loss below 1,720

Short: BTC—bounce to 64,500-64,700 and face resistance, can short briefly, stop loss above 65,300; ETH—bounce to 1,800-1,805 and face resistance, can short briefly, stop loss above 1,820

Risk control discipline:

Volatility has increased; keep position size within 30%

Strictly set stop losses; do not hold losing positions

Focus on tonight's U.S. stock market open and geopolitical developments
BTC-0.92%
ETH-1.25%
USIDX0.10%
NAS1000.13%
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