HashWhale
4Followers32Articles
This week, the Bitcoin market showed a wide range of fluctuations. In the early stage, it was in a narrow range, and in the later stage, the bull-bear game was fierce, and the market volatility was significantly intensified. The volatile pattern is expected to continue in the short term, and short-term trading still needs to be vigilant against the risk of sudden reversal. In the mining industry, the industry is profitable, miners have ample profits, stable cash flow, the computing power of the entire network continues to rise, and the mining difficulty is expected to increase, indicating that miners have increased confidence and industry competition has intensified. 
This week, the trend of Bitcoin showed a structural rhythm of "sideways accumulation - strong breakthrough - high consolidation - slow upward movement". On July 14, the price reached $123,153, setting a record high. Although there was a correction afterwards, the overall market remained strong. From July 16 to 18, the market performance was "low point lifting, high point testing", and the bulls tried to build a new round of upward platform. Overall, the trend is clear and the capital push is strong. The short-term strong pattern is expected to continue, but it is necessary to pay attention to the risks of high-level fluctuations and short-term corrections. 
This week, Bitcoin showed a structural trend of "sideways-oscillation-strong breakthrough", with a significant cumulative increase, and the market entered a strong trend stage. Since July 10, Bitcoin has risen to $111,907, close to $120,000, and has formed an effective technical breakthrough. On July 11, it continued to accelerate its rise, breaking through $114,000 and $116,000, showing a typical step-by-step upward structure, and bullish sentiment continued to heat up. Overall, the current upward trend is clear, trading is active, and capital drive is obvious. There is still room for upward movement in the short term, but we need to be vigilant against the intensification of high-level fluctuations and potential overbought risks. 
This week, Bitcoin as a whole showed a three-stage trend of "falling-rebounding-high consolidation". From June 21 to 23, affected by the escalation of the situation in the Middle East and geopolitical conflicts, Bitcoin once fell below several key support levels, causing market panic and more than $1 billion in crypto assets were liquidated. At the same time, the computing power of the entire network fluctuated for a short time, showing that the mining infrastructure is highly sensitive to the international situation. Since June 24, the market has rebounded rapidly, and the replenishment of funds has driven the recovery of Bitcoin. The overall trend has gradually stabilized from extreme panic. However, geopolitical risks and macro variables are still important uncertainties in the market. In terms of mining, mainstream listed mining companies in the United States performed strongly in May. Jefferies data shows that in May 2025, the overall mining profit of listed mining companies increased by nearly 20% month-on-month, and the industry structure further concentrated on the head. 
This week, the Bitcoin market showed a typical trend structure of "blocked highs and rapid pullbacks". In the short term, we need to be vigilant about technical corrections and potential mid-term trend reversal signals. On June 13, affected by the fluctuations in the geopolitical situation and risk aversion, Bitcoin, as a high-volatility risk asset, was under pressure to move downward. At the same time, the low activity of on-chain transactions has compressed the space for miners' fee income. However, overall, the mining ecosystem is running smoothly, and miners' income remains at a relatively stable level. 
This week, Bitcoin's trend rose first and then fell. It rose moderately in the early stage, fell under pressure in the later stage, and accelerated its decline in the late stage. On June 6, the price of Bitcoin fell sharply, reaching a low of $100,501, basically giving up all the gains in the week. The short-term technical situation weakened and the market entered a stage of adjustment. In terms of miners' income, affected by the decline in the price of the currency, the total income this week retreated slightly from last week, but it was still at a historically high level overall, and the mining income had a certain stability and sustainability. 
This week, the overall Bitcoin market showed a trend of "first decline and then rise", with prices continuously breaking through multiple key technical resistance levels, strongly breaking through the integer mark of $100,000, and setting a new high. As prices rise, Bitcoin hash price has steadily recovered and has approached the high range of the past month, rising for several consecutive days, showing that the market demand for computing power resources remains strong. At present, most miners remain in the profit range, and the overall operation of the mining industry is in good shape. 
