The U.S. stock market continues to fall, and the monthly line has also begun to fall. According to the current situation, the U.S. stock market may fall for about two months. The U.S. stock market has risen for 19 consecutive months, but has fallen in the last two months.

Bitcoin did not follow the decline of the U.S. stock market, but rose sharply. This shows that the news of the listing of the Ethereum ETF is good for the entire cryptocurrency market. The news is expected to be announced next Monday and will be officially listed next Tuesday.

According to coinglass data, 63,000 long positions of Bitcoin were liquidated on July 17, and 68,000 short positions of Bitcoin were liquidated at the same time. While maximizing profits, the dealer liquidated long positions when the lowest price was $63,200 on the 18th and 19th. Subsequently, the price of Bitcoin rose rapidly in the afternoon tonight, causing the short position to be liquidated. According to the analysis of the contract map, the biggest interest point of liquidation is at the position of $68,200-68,500.

Many investors who shorted at $58,000 and $59,000 in early July have begun to gradually liquidate. For example, a big investor on the EuroEasy platform, who shorted at $58,000 and held hundreds of millions of dollars in short orders, has already blown up $40 million in the past 10 days, and the remaining short orders may also all blow up. This coincidence makes it very likely that he will blow up at the highest point.

Before the Ethereum ETF was listed (3-day line), Ethereum continued to rise, so it is necessary to be alert to the possibility of profit-taking in the market at 21:30 next Tuesday night, when the good news is realized. In this case, the market may experience the phenomenon of "heaven and earth needles", that is, first pull up the price and then smash the price.

In March, April, May and June this year, both long and short sides have been blown up in both directions. The above is my experience, I hope it will be helpful to everyone. #以太坊ETF批准预期 #美国大选如何影响加密产业？ #山寨季何时到来？ #美国6月CPI大幅降温 #美联储何时降息？ $BTC $ETH $BNB