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Trader Eugene: $110,000 is still the ultimate resistance level for long positions, and the market will choose a direction this week.
BlockBeats news, on July 9, trader Eugene posted on his personal channel, stating, "$110,000 is still the ultimate resistance level for long positions, and a breakout direction is expected this week. The outcome is usually binary: if there is a downward breakout, it will quickly drop to $100,000; if there is an upward breakout, I believe it will reach a new high of $120,000 and then enter a consolidation phase. Regardless, it will be an exciting week."