July 1, Bitcoin and Ethereum market analysis: BTC and ETH today's highlights
BTC (Bitcoin) analysis:
1. Bitcoin rose slightly over the weekend, and began to rise in volume this morning. There was no obvious negative fundamentals, and it was purely driven by funds.
2. The double negatives of the macro environment and fundamentals still exist, and the market environment has not yet fully recovered, so don't be too optimistic.
3. Pay attention to the resistance level of $64,300 during the day. It is expected that the probability of a one-time breakthrough is not high, and there is still a need for correction and adjustment.
4. In comparison, Ethereum's trend is healthier. The ETF extension has been passed, and the hype expectations of ETH have continued, but it is still not optimistic under the influence of the macro environment, and the ecology on the Ethereum chain has been extremely depressed recently, and the on-chain GAS has fallen to 1.
5. The overall situation is still not optimistic. Pay attention to the breakthrough of $3,550 during the day. If it can break through and stand firm, the subsequent market will improve.
6. The cottage sector rises synchronously with the mainstream. After waiting for the mainstream to break through the key position, you can consider building a position on the right side.
Today's highlights:
1. BTC 1-hour and 4-hour levels are about to enter the overbought range, and the daily level has returned to a healthy level, but the macro-environmental impact is still there, the market has not reversed, and the fundamentals are still bearish.
2. Wait for the key position to break through before taking action. The intraday upper resistance is $64,500-64,800, and the lower support is $62,000-62,500.
ETH (Ethereum) analysis:
1. ETH 1-hour and 4-hour levels are about to enter the overbought range, and the daily level has returned to a healthy level, but the macro-impact still exists.
2. On-chain activities are also sluggish, and no clear reversal signals have been seen. The intraday upper resistance is $3550-3580, and the intraday lower support is $3400-3450.
Overall, although the market has rebounded, the uncertainty of the macro-environment and fundamentals still exists, so it is necessary to be cautious and pay attention to the changes in key resistance and support levels.
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