7.11-Market Analysis

BTC: BTC rose slightly yesterday, in line with expectations. Powell's speech in the evening revealed an increase in expectations for a rate cut in September. Traders' confidence began to recover. The current macro environment has improved, and the negatives have begun to be digested. The market is developing in an optimistic direction. You can bet on the CPI data tonight. It is expected to be positive. Both BTC and ETH can be opened. It is expected that there will be an increase of about 5% after the data is released tomorrow night. You can ambush today and wait for the market to start.

The upper pressure of the day is 60,800, and the lower support is 57,000.

ETH: ETF is expected to pass this week, which is expected to bring ETH a significant increase. You can consider opening a position and wait for the outbreak of double benefits. The altcoin sector rose synchronously with the mainstream. You can open a position in ETH's altcoins during the day and wait for the market to start.

The upper pressure of the day is 3,350, and the lower support is 3,020.