July: Bitcoin market turns, a new round of rise may start?

Market volatility this week: pay attention to these key points

Although Bitcoin has shown a certain increase in early July, whether the overall trend of the market has reversed needs further observation. This week, several important economic indicators and events may have an impact on the market:

1: The global manufacturing and service PMI indexes will be released one after another, which will provide us with important clues about the health of the economy.

2: US non-farm payrolls data will also be released, which will have an important impact on market expectations.

3: The release of the minutes of the Federal Reserve FOMC meeting will help us understand the attitudes and policy directions of officials more deeply.

Altcoin strategy: position adjustment and position building

For altcoin investors, now is a good time to adjust and build positions. If you hold weak altcoins, you can consider exchanging them for stronger currencies, such as the AI ​​sector, SOL sector or BRC20 sector. At the same time, the prices of some altcoins have fallen to historical lows or returned to the levels of August to October last year, which means that they may be building a W-bottom pattern to prepare for future increases.

Short-term hype point: Ethereum and the full circulation sector

In the short term, there are two hype points worth paying attention to: one is the infrastructure, second layer and pledge sector around the ETF that Ethereum is about to review; the other is the observation sector of full circulation. These areas may become hot spots for market speculation and bring certain investment opportunities.

Four major events this week: not to be missed

Finally, there are four important events this week that need to be closely watched:

Powell's speech on Tuesday.

The US ADP employment figures for June released on Wednesday night.

The US non-farm payrolls data for June released on Friday night.

Most importantly, there should be further news about the Mentougou incident before July 15, which may have a significant impact on the market.

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