Market Review

Yesterday, Bitcoin continued to fall, which was in line with expectations. The macro environment + fundamentals are still negative. Powell made a hawkish speech yesterday, and the expectation of interest rate cuts was reduced again. Market confidence was hindered again. The recent market may continue to fall. We still need to wait patiently and focus on Friday's non-agricultural data. It is related to the overall trend of this month. Bitcoin and Bitcoin fell synchronously with Bitcoin. The macro environment is still not optimistic. It is close to the lower side of the box again. The overall situation is still not optimistic. It may continue to fall under the influence of macro confidence. In the near future, we should focus on defense. The cottage sector will follow the mainstream to pull back synchronously. Some currencies have fallen sharply. We should wait and see. Watch more and do less.

Today's highlights

BTC 1-hour and 4-hour levels are below normal levels, and the daily level is below the healthy level. The impact of the macro environment is still there, and the fundamental negatives are still there. In addition, yesterday's hawkish negative market continued to be sluggish. The upper resistance of the day is 62000-62200, and the lower support is 60000-60500. There is a greater chance of a further correction today. It is mainly wait-and-see, waiting for a certain signal.

ETH 1 hour and 4 small averages are lower than normal levels, and the daily level is lower than the healthy level. The macro impact is still there, and the chain is also sluggish. In addition, yesterday's hawkish negative market continued to be sluggish. The upper resistance of the day is 3400-3420, and the lower support of the day is 3250-3300. Today, the probability of continued correction is greater. Wait and see, waiting for a certain signal

BTC continued to pull back yesterday, which was consistent with expectations. Powell spoke last night, and his hawkish remarks made the expectation of interest rate cuts cut again, and market confidence was frustrated again. After the speech, BTC fell significantly. In the next few days, it will still be affected by the follow-up of macro information. We still need to wait patiently and be prepared for defense. Today, the downward trend is expected to continue. FTH silver will fall synchronously with RTC, and it will still remain in the consolidation range. There is fundamental news that ETF has delayed the passage of. The speculation expectation is extended again. The short-term trend is not optimistic again. It is possible to fall below the lower edge of the box shock again today. If the market cannot have timely positive news, the continued decline may be large. The Shansai sector will follow the mainstream to pull back synchronously, and some currencies will pull back by a large margin. For example, Jianzang MANTA and PENDLE have stopped the bamboo shoots. Among them, PENDLE’s large decline today is directly related to the reduction of TLV. Shanzhai will wait and see during the day, watch more and do less

Fundamental news, the current market is sensitive. Pay attention to the small non-agricultural data at 8:15 p.m. today, and pay attention to the large non-agricultural data at 8:30 p.m. on Friday, which is related to the market trend this month.

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 the BTC ecosystem. 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 start buying when the second wash is ready.

Today's intraday market, BTC's lower support is 60000-60500, and the upper resistance is 62000-62200. ETH's lower support is 32803330, and the upper resistance is 3400-3430

The 3 most worthwhile cryptocurrencies to buy in 2024 that are likely to explode 100 times!

1.Sun

Solana ETF is coming soon Investment giants VanEck and 21Shares made a splash when they filed Solana spot ETF applications with the U.S. Securities and Exchange Commission on June 27 and 28. The news sparked market excitement, pushing the price of SOL up by about 11% to $150.

The surge was largely driven by growing optimism that the U.S. Securities and Exchange Commission (SEC) could soon approve a Spot Solana ETF, setting the stage for potential further gains.

Although the SEC classified SOL as a security in its lawsuit against Binance and Coinbase, approval is still possible within the next 12 months. Balchunas believes that changes in SEC leadership after the U.S. presidential election could be a boon to Solana.

From a long-term technical perspective, Solana is currently trading within a symmetrical triangle pattern. This, combined with the previous uptrend, suggests that strong bullish momentum will continue ahead of the U.S. presidential election.

If Solana manages to break above the upper trendline, it could spark a price rally to $300 by the end of the year. Currently, SOL is trading at $150, up 2.5% in a day, with a market cap of $69.6 billion.

2.BONK

Solana’s first doggie-themed token, Bonk, has been on a sharp uptrend since the beginning of the year. Despite bearish interference, bulls have dominated the gains and frequently sparked rallies. Currently, the price has surged above a critical support level, which suggests that the token is about to gain a crucial resistance level.

Short-term trading suggests that the price will reach the neckline close to $0.00003 after a parabolic recovery phase. The increasing volumes favor the bulls, thus maintaining the bullish momentum. However, a small decline is needed to attract more liquidity, as suggested by the stochRSI, which is about to trigger a correction after reaching the upper boundary. Therefore, BONK price is expected to remain in upward consolidation and reach the neckline before the end of the week.

3.FLOKI

After hovering in a range for several days, the price of FLOKI has begun to rise rapidly. This increase in value has driven rising market optimism as Bitcoin shows some strength. Currently, the price is testing a key resistance area, so the coin is expected to remain high and reach these levels throughout the week.

The short-term trading shows that the bulls and bears have enough dominance in the rebound as the price remains stuck inside the predetermined resistance and support levels. However, the RSI maintains an uptrend and is expected to remain high in the coming days and reach $0.000018. The bulls have shown weakness at these levels in the past few days and if a similar trend plays out, the consolidation is likely to continue. Otherwise, the FLOKI price is expected to rise and reach levels above $0.000019.