【2024.7.15 Bitcoin and Ethereum Weekly Market + Intraday Market Analysis】
Sorry to be late, brothers. Bitcoin and Ethereum have soared. I bought Bitcoin at 57,000 last week and it feels good. The market analysis a few days ago said that the Germans have sold tens of thousands of Bitcoins and Bitcoin can't break 50,000. How can it fall? If it can't fall, then what should we do? Everyone knows it!
Next, there is only one negative thing about the Mentougou compensation. This event is hyped every year. There has been no follow-up after the compensation for several years. But there are two certain positive things in the future:
One is the approval of Ethereum ETF, which is expected this week. If it is not approved this week, then continue to supplement the information to postpone the approval time
The second is the Fed's interest rate cut. The recent data show that the unemployment rate in the United States is too high. Now it is just holding on. It will definitely fall in the second half of the year, but it is uncertain how many times it will be. A few months ago, I wrote that I personally expected that there would be a rate cut in September and October. I hope that Lao Bao will give me face, listen and kneel down.
Big Cake closed with a big positive line last week, and it has now entered the sideways trading zone of the weekly line. This week, Big Cake should pay attention to the position of 6.38. As long as it stands above this position, the weekly level of the callback has ended, and the weekly level has begun to rise.
Big Cake's upper pressure level this week: 54170-67600-69900 Support level: 58300-55000
Ether closed with a big positive line last week, and it has now entered the sideways trading zone of the weekly line. This week, Ethereum should pay attention to the position of 3400. As long as it stands above this position, the weekly level of the callback has ended, and the weekly level has begun to rise.
Ether's upper pressure level this week: 3600-3760-3892 Support level: 3086-2928
Market analysis at night:
$BTC has risen to the pressure level range given yesterday. Now it is trading sideways at the top of the small level. If it pulls back at night, pay attention to the support levels of 62400-61550-60500 below. If it falls back, as long as the 4-hour level does not fall below 60500, it will still go up. Pay attention to the upper target/pressure level of 63200-63850-64500 #BTC走势分析
$ETH has risen to the pressure range given yesterday. Now it is trading sideways at the top of the small level. If it pulls back at night, pay attention to the support positions of 3328-3285-3232 below. As long as the 4-hour level does not fall below 3232, it will still go up. Pay attention to the upper target/pressure position around 3372-3400-3440#ETH走势分析