Crypto market analysis 7.17   The sentiment of inducing short selling intensifies, and the counterfeiting will continue to open

In the past 24 hours, the entire network has a liquidation of 224 million US dollars, of which long orders have a liquidation of 95.0074 million US dollars, short orders have a liquidation of 129 million US dollars, and the main liquidation is short orders. Among them, BTC liquidated 72.4834 million US dollars and ETH liquidated 40.3122 million US dollars.

Federal Reserve Board member Kugler said that the rebalancing of the job market means that inflation will fall to 2%; if the inflation data fails to boost confidence, it may remain unchanged for a longer period of time; if the unemployment rate continues to rise, the Federal Reserve will cut interest rates in advance.

Daily level market

- ​​The daily level rebounded rapidly, the rebound speed was too fast, close to the upper pressure position, the large level pressure was around 66000, and the lower support position was around 62500.

4-hour level market

In the upward trend of the 4-hour level market, the upper pressure was around 66500 and the lower support was around 64000.

Intraday level analysis

----- Bitcoin's pin has ended, and the annual bottom has appeared. If there is still a possibility of a bottom, then there is a probability of a post-impact shock, but there is nothing special to guard against.

Bitcoin's certainty is already very high, and the weekly level bottom is around 58,000. You have missed this round of rebound.

The intraday level market is still a small-level rising market, but it is not believed that it will go up directly during the day. The pressure around the key position of 66,200 will be stepped back one hand during the day, and it may not really step back. Now the BTC market is no longer suitable for gambling contracts. It is easy to induce shorts and the technical side is suitable for shorts, so don't make orders when the trend is against the trend, and wait for the results.

Spot can safely pass through this difficult moment in the history of encryption, and be calm in the face of things. #山寨季何时到来？ #BTC走势预测