Market Review
Yesterday, Bitcoin rebounded slightly, but failed to reach the expected value. In the evening, SOL showed positive fundamentals and is expected to apply for ETF, which slightly boosted market sentiment. However, the current BTC 4-hour and daily level upward momentum is still suppressed, with continuous long upper shadows and large resistance above. The probability of a short-term breakthrough is not high. It is expected to continue to consolidate during the day. Bitcoin rose slightly yesterday. ETF has a chance to start trading in early July. The market is optimistic about the development of trading. There is still speculation in the short term. Pay attention to the decline after the good news is exhausted and take precautions. The copycat sector rises synchronously with the mainstream. Most currencies have a slight rebound. Short-term gaming opportunities can be sought during the day.
Today's highlights
BTC 1-hour and 4-hour levels have returned to normal levels, and the daily level is below the healthy level. The impact of the macro environment is still there, the market is sluggish, and the fundamentals are still negative. It is mainly wait-and-see. The upper resistance of the day is 62500-63000, and the lower support is 60000-60500. Today's sideways consolidation is more likely, so wait-and-see is the main strategy. If it pulls back to 60500, you can follow up lightly.
The daily ETH 1-hour and 4-day moving averages have returned to normal levels. The positive expectations have recovered slightly. The upper resistance is 3450-3500, and the lower support is 3300-3350. Today's sideways consolidation is more likely. If it falls back to 3350, you can follow up slightly.
Yesterday, BTC continued to rebound slightly, but it did not proceed as expected. The side effects of the expected extension of the interest rate cut and the double negatives of Mentougou are still continuing. The market lacks confidence. The long upper shadow of the 4-hour connection is more obvious. The long upper shadow of the 4-day connection at the daily level is large. There is no obvious positive signal. It is estimated that ETH will maintain a volatile trend during the day. Compared with BTC, the trend is healthier. ETFs are likely to start trading in early July, and speculation is expected to end soon. However, the market is currently optimistic about the trading volume after ETF trading, which adds chips to ETH's short-term speculation expectations. The intraday correction may be greater. The cottage sector rebounded synchronously with the mainstream, and most currencies rose slightly. Short-term rebound opportunities can be considered during the day. You can pay attention to MANTA and PENDLE to seek short-term gaming.
RGB++ has started free casting, and the recent on-chain activity has increased. RGB++ is also a very good new protocol, which has a good effect on the construction of BTC ecology. Continue to pay attention to this sector. The market continues to be sluggish. Wait for the sector to review its popularity before taking action.
The rune market is still sluggish. Pay attention to high-quality currencies in the rune market and wait for the second wash to start buying.
Today's intraday market, BTC's support is 60000-60500, the upper resistance is 62500-63000, ETH 3350-3500
These 3 altcoins are about to explode, and they can achieve a 100-fold increase by the end of 2024!
1.HBAR
Hedera (HBAR) is a public network that aims to revolutionize the digital landscape with its fast, secure, and fair consensus algorithm. Hedera leverages a unique structure called a hashgraph to enable fast transactions, low fees, and strong security. HBAR tokens serve multiple functions in the network, including transaction fees, network services, and securing the network through staking.
Features:
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Versatility: Supports a wide range of applications from supply chain management to gaming and social media.
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2.LINK
Chainlink (LINK) is a key component of blockchain technology, providing a secure and reliable decentralized oracle network. These oracles provide real-world data to smart contracts, allowing them to run based on accurate and up-to-date information.
Example:
Price information: Critical for decentralized finance (DeFi) applications, providing accurate financial data to smart contracts.
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3. PEOPLE
BitTensor (TAO) is among the top three crypto AI tokens. BitTensor is a decentralized machine learning network that incentivizes and rewards users for contributing computing power and data to train AI models.
Special feature:
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Incentive Model: Use TAO tokens to reward contributors and pay for services, ensuring continued participation and improvement of AI models.
Despite the recent price drop to $287, as AI technology becomes an integral part of various industries, the demand for decentralized AI platforms such as BitTensor is expected to increase, pushing up the price of TAO.
